Key Market Indicators
The production output of Bulgaria's mining and quarrying sector is projected to hit €3.1 billion by 2028, up from €2.6 billion in 2023. This represents an annual growth rate of 2.5%. Since 2000, the country's supply in this sector has surged by 8.9% annually. In 2023, Bulgaria ranked 16th globally, with Serbia surpassing it at €2.6 billion. The United Kingdom, Poland, and the Netherlands held the second, third, and fourth spots, respectively. Revenue from Bulgaria's mining and quarrying industry is forecasted to reach €1.7 billion by 2028, compared to €1.5 billion in 2023, growing at an average annual rate of 1.4%. Since 2010, the market has experienced a yearly growth of 2.1%. In the 2023 rankings, Bulgaria placed 14th, with Switzerland leading at €1.5 billion. The United Kingdom, Germany, and Poland occupied the second, third, and fourth ranks, respectively.