The stone, sand, and clay quarrying production value in France has been on a consistent downward trajectory since 2013. The value peaked at 5.89 billion Euros and has been experiencing annual declines, dropping to 2.11 billion Euros by 2023. The year-on-year decrease over the last two years was notably significant, with -10.07% in 2022 and -11.08% in 2023. The compound annual growth rate (CAGR) over the past five years stands at -6.33%, reflecting a persistent decline.
Looking ahead, the trend is projected to continue its downward path. Forecasts indicate further decreases, with the production value expected to drop to 0.8313 billion Euros by 2028, resulting in a forecasted 5-year CAGR of -14.75% and a forecasted overall growth rate of -54.96%. Key trends to watch will include market consolidation, advancements in sustainable quarrying practices, and the potential impact of regulatory changes on production costs and value.
