Key Market Indicators
Slovak mining and quarrying production is projected to grow modestly, reaching approximately €467 million by 2028. This marks a slight increase from around €447 million in 2023, reflecting a compound annual growth rate (CAGR) of 0.7%. This growth comes despite a long-term decline, with the sector experiencing an average annual decrease of 5.8% since 2000. In 2023, Slovakia ranked 25th globally in this sector, with Bosnia and Herzegovina surpassing it at the same €447 million mark. Leading the field were the United Kingdom, Poland, and the Netherlands, ranking second, third, and fourth respectively. Meanwhile, revenues from the Slovak mining and quarrying sector are expected to reach nearly €601 million by 2028, up from roughly €597 million in 2023. This represents a marginal annual growth rate of 0.1%. Since 2010, however, the market has seen a slight annual decline of 0.4%. Slovakia occupied the 23rd spot in global rankings for mining and quarrying revenue in 2023, with Italy overtaking it at the same €597 million level. The top spots were held by the United Kingdom, Germany, and Poland, ranked second, third, and fourth respectively.
