Key Market Indicators
Macedonian mining and quarrying production is forecasted to reach approximately €371 million by 2028, up from around €317 million in 2023. This marks an average annual growth rate of 2.5%. Since 2005, the mining sector in Macedonia has seen a consistent yearly increase of 2.5%. In 2023, the country ranked 30th in the global mining and quarrying production standings, with Lithuania slightly ahead at €317 million. The United Kingdom, Poland, and the Netherlands secured the second, third, and fourth positions, respectively. However, the revenue for Macedonian mining and quarrying experienced a significant drop in recent years. In 2020, the sector's revenue was recorded at roughly €235 million, an 18.5% decrease from the €289 million reported in 2019.
