Key Market Indicators
In a significant economic downturn, Romania's mining and quarrying sector has reported revenues of approximately €792 million for 2023, a steep decline from the €1,450 million recorded in 2022. This marks a 45.3% decrease year-over-year. The broader trend since 2010 reveals a consistent annual decline of 20% in the Romanian market. In the 2023 rankings, Romania placed 18th, with Portugal surpassing it, also recording revenues of around €792 million. Leading the sector, the United Kingdom, Germany, and Poland secured the top three positions, respectively. On a brighter note, Romanian mining and quarrying production is projected to reach €5,510 million by 2028, up from €5,020 million in 2023. This represents an annual growth rate of 1.5%. Since 2000, the country's supply has seen a robust annual increase of 10.8%. In the 2023 production rankings, Romania stood at the 10th position, with France narrowly ahead at €5,020 million. The United Kingdom, Poland, and the Netherlands occupied the second, third, and fourth spots, respectively.