Key Market Indicators
The British mining and quarrying sector is projected to see a decline in production, reaching approximately €39.7 billion by 2028. This marks a decrease from around €41.8 billion in 2023, with an average annual decline of 0.8%. Historical data shows a consistent downward trend, with British supply falling at an average rate of 1.9% per year since 2000. In the 2023 rankings, the United Kingdom held the second position, with Norway leading at €41.8 billion. Following the UK were Poland and the Netherlands in third and fourth positions, respectively. The revenue from British mining and quarrying is also expected to decline, estimated to drop to about €26 billion by 2028 from €34 billion in 2023. This represents an average annual decrease of 4.2% in compound annual growth rate (CAGR). Since 2011, the market has contracted at an average rate of 5.1% per year. In the 2023 rankings, the UK again held the second spot, with Norway at the top with €34 billion. Germany and Poland followed the UK, ranking third and fourth, respectively.
