Key Market Indicators
**German Mining and Quarrying Revenue Forecasted to Decline by 2028** Germany's mining and quarrying revenue is projected to decline to approximately €11.8 billion by 2028, down from around €12.3 billion in 2023. This represents an average annual decrease of 0.5%. Notably, since 2010, the German market has seen a year-on-year reduction of 12.5%. In 2023, Germany held the third position in the mining and quarrying revenue rankings, with the United Kingdom surpassing Germany at €12.3 billion. The top three rankings were held by the United Kingdom, Germany, and Poland, respectively. **German Mining and Quarrying Production Expected to Rise by 2028** Conversely, Germany's mining and quarrying production is anticipated to grow, reaching about €20.7 billion by 2028, up from roughly €17.5 billion in 2023. This corresponds to a compound annual growth rate (CAGR) of 2.7%. Since 2000, Germany's supply has increased by 10.5% year-on-year. In 2023, Germany ranked fifth in production, with the Netherlands overtaking Germany at €17.5 billion. The leading positions were held by the United Kingdom, Poland, and the Netherlands, in that order.
