Forecast: Mining and Quarrying Turnover in Austria

The mining and quarrying turnover in Austria reached 2.49 billion Euros in 2023, showcasing notable fluctuations over the past decade. Between 2013 and 2023, the market faced periods of decline—most prominently in 2015 and 2020—with year-on-year decreases of 13.91% and 15.08%, respectively. However, resilience was evident in subsequent rebounds, particularly in 2018 (15.78%) and 2021 (11.29%). The Compound Annual Growth Rate (CAGR) calculated over the last 5 years until 2023 was -0.17%, reflecting overall stagnation.

Looking ahead, the forecast from 2024 to 2028 indicates a modest but steady growth trajectory, with the sector expected to grow at an average annual rate of 0.81%, resulting in a total increase of 4.12% over five years. By 2028, turnover is forecasted to rise to 2.62 billion Euros.

Trends to watch for:

• Technological advancements and automation in extraction processes.
• Environmental regulations impacting production.
• Market demand for sustainable and efficient mining practices.
• Global economic conditions influencing export markets.