In 2023, the operation of gravel and sand pits, as well as mining of clays and kaolin in Germany, stood at 3.65 billion Euros. The forecast for this industry shows a steady upward trend, with values increasing from 3.72 billion Euros in 2024 to 3.98 billion Euros in 2028.
Key points of analysis:
- 2023 value stood at 3.65 billion Euros.
- 2024 forecasted at 3.72 billion Euros, a 1.9% increase from 2023.
- 2025 forecasted at 3.79 billion Euros, a 1.9% increase from 2024.
- 2026 forecasted at 3.85 billion Euros, a 1.6% increase from 2025.
- 2027 forecasted at 3.92 billion Euros, a 1.8% increase from 2026.
- 2028 forecasted at 3.98 billion Euros, a 1.5% increase from 2027.
- The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.7%.
Future trends to watch include potential impacts from regulatory changes in environmental standards, technological advances in mining, and shifts in construction sector demand which could influence production dynamics in this industry.
