Key Market Indicators
The revenue from Malta's mining and quarrying sector is projected to decline to approximately €18 million by 2028, down from €18.9 million in 2023. This represents an average annual decrease of 0.8%. Despite this forecasted drop, the industry has seen modest growth since 2019, with an average annual increase of 0.8%. However, Malta's position in the global ranking for mining and quarrying revenue has slipped. In 2023, the country was ranked 32nd, with Iceland surpassing it, also reporting €18.9 million in revenue. Top positions in the ranking were held by the United Kingdom, Germany, and Poland, occupying the second, third, and fourth spots, respectively.
