Key Market Indicators
Montenegro's mining and quarrying sector is projected to see steady growth, reaching approximately €119 million by 2028. This marks a slight increase from the 2023 figure of €114 million, with an average annual growth rate of 0.5%. Since 2011, the sector has shown a consistent upward trend, expanding at an average rate of 3.1% per year. In the global context, Montenegro was ranked 32nd in 2023, with Croatia slightly ahead at €114 million. Leading the rankings were the United Kingdom, Poland, and the Netherlands, occupying the second, third, and fourth positions, respectively.
