Key Market Indicators
Luxembourg's Mining and Quarrying production is projected to reach €85 million by 2028, up from €83 million in 2023. This marks an average annual growth rate of 0.3%. However, since 2000, the country's supply has declined by 1.2% annually. In 2023, Luxembourg ranked 33rd globally, with Montenegro slightly ahead at €83 million. Leading the rankings were the United Kingdom, Poland, and the Netherlands, occupying the second, third, and fourth positions, respectively. On the revenue front, Luxembourg's Mining and Quarrying sector is expected to hit €91 million by 2028, up from €86 million in 2023. This represents an average annual growth rate of 0.8%. Despite this projected growth, the market has seen a yearly decline of 0.6% since 2010. In 2023, Luxembourg ranked 29th, with Lithuania surpassing it at €86 million. The top spots were held by the United Kingdom, Germany, and Poland, coming in second, third, and fourth, respectively.
