Key Market Indicators
Spanish mining and quarrying production is projected to nearly double, reaching approximately €27 billion by 2028, up from around €13.5 billion in 2023. This represents an average annual growth rate of 10.8%. Since 2000, the sector has seen a significant yearly increase of 20.7%. In the global ranking for 2023, Spain held the seventh position, with Italy slightly ahead at the same production value of €13.5 billion. The United Kingdom, Poland, and the Netherlands occupied the second, third, and fourth positions, respectively. However, the revenue from Spanish mining and quarrying is expected to decline. By 2028, revenue is forecasted to drop to €2.2 billion from €3 billion in 2023, indicating a compound annual growth rate (CAGR) of -4.9%. Since 2010, the market has experienced a year-on-year decline of 6.5%. In terms of revenue rankings for 2023, Spain was ninth, overtaken by France, which also recorded revenues of €3 billion. The United Kingdom, Germany, and Poland ranked second, third, and fourth, respectively.