Key Market Indicators
Serbia's mining and quarrying production is forecasted to surge to approximately €4.1 billion by 2028, up from €3 billion in 2023. This represents a compound annual growth rate (CAGR) of 4.9% year on year. Since 2000, Serbia’s supply in this sector has increased by nearly 15% annually. In the 2023 global ranking, Serbia held the 15th position, with the Czech Republic leading at €3 billion. The United Kingdom, Poland, and the Netherlands secured the second, third, and fourth spots, respectively. Meanwhile, Serbia's mining and quarrying revenue is expected to reach around €870 million by 2028, rising from €759 million in 2023. This growth translates to a CAGR of 2.2% year on year. Since 2019, the Serbian market has seen an annual increase of approximately 16%. In the 2023 rankings, Serbia was positioned 19th, with Romania surpassing it at €759 million. The United Kingdom, Germany, and Poland occupied the second, third, and fourth positions, respectively.