Key Market Indicators
Estonian mining and quarrying production is projected to reach €450 million by 2028, up from €414 million in 2023. This represents an average annual growth rate of 1.3%. However, since 2000, Estonia's supply in this sector has seen a decline of 2.5% annually. In 2023, Estonia ranked 27th globally, with Latvia slightly ahead at €414 million. The United Kingdom, Poland, and the Netherlands secured the second, third, and fourth positions respectively in the international rankings. Meanwhile, revenue from Estonian mining and quarrying is expected to grow modestly, reaching €374 million by 2028 from €369 million in 2023. This growth rate averages 0.2% per year. Since 2010, the market has experienced a yearly decline of 4.1%. In 2023, Estonia ranked 25th in revenue, with Bosnia and Herzegovina surpassing it at €368.5 million. The United Kingdom, Germany, and Poland occupied the second, third, and fourth places respectively in this category.
