Key Market Indicators
Finland's mining and quarrying sector is projected to grow steadily, with production expected to reach approximately €3.7 billion by 2028. This marks an increase from around €3.3 billion in 2023, reflecting an annual growth rate of 2.1%. Over the long term, since 1985, the sector has seen an average annual increase of 4.8%. In the global ranking for 2023, Finland stood at the 13th position, with Austria surpassing it at about €3.3 billion. The top positions were held by the United Kingdom, Poland, and the Netherlands, coming in second, third, and fourth, respectively. Revenue from Finland’s mining and quarrying industry is also set for growth, expected to reach nearly €2.8 billion by 2028. This is up from €2.5 billion in 2023, maintaining an annual growth rate of 2.1%. Since 2010, the market has expanded by an average of 2.1% each year. In terms of revenue rankings for 2023, Finland was 12th, with Austria again leading at approximately €2.5 billion. The United Kingdom, Germany, and Poland followed in the second, third, and fourth spots, respectively.
