Key Market Indicators
Portuguese mining and quarrying production is projected to reach approximately €1.9 billion by 2028, up from around €1.8 billion in 2023. This marks an annual growth rate of 0.9%. Since 2000, the country's supply has consistently increased by an average of 5.7% each year. In 2023, Portugal ranked 18th globally in mining and quarrying production, with Switzerland slightly ahead at the same production value of €1.8 billion. Leading the rankings were the United Kingdom, Poland, and the Netherlands, occupying the second, third, and fourth positions respectively. Conversely, Portuguese mining and quarrying revenue is expected to decrease slightly, falling to approximately €1.1 billion by 2028 from its current value of around €1.1 billion in 2023. This represents a modest annual decline of 0.1% in Compound Annual Growth Rate (CAGR). Since 2010, the market has seen a yearly decrease of 0.6%. In 2023, Portugal ranked 17th in this category, with Hungary surpassing it at the same revenue mark of €1.1 billion. The United Kingdom, Germany, and Poland held the second, third, and fourth spots respectively in terms of revenue.
