In 2023, Norway led Europe's mining and quarrying sector with a production value of 67.63 billion Euros, followed by the United Kingdom at 27.84 billion Euros. Notably, Norway saw a -5.17% year-on-year decline, while Sweden and Hungary experienced positive year-on-year variations of 3.79% and 7.68%, respectively. Germany and the Netherlands had significant declines of -12.73% and -14.91%, respectively. The sector's overall performance highlights a mix of growth and contraction across different nations, depicting a complex landscape influenced by market dynamics, regulatory changes, and economic factors.
Future trends to watch include:
- Technological advancements and automation driving efficiency
- Shifts towards sustainable and eco-friendly mining practices
- Geopolitical stability impacting production and trade policies
- Fluctuations in commodity prices influencing investment and production volumes
- Regulations and government policies around environmental impact
Top countries in Mining and Quarrying Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 67,630 | 2023 | +1.84% | -5.17% | View data |
| 2 | 2 United Kingdom | 27,840 | 2023 | -5.87% | -6.32% | View data |
| 3 | 3 Poland | 11,280 | 2023 | -1.03% | -2.86% | View data |
| 4 | 4 Germany | 9,580 | 2023 | -2.2% | -12.73% | View data |
| 5 | 5 Denmark | 6,810 | 2023 | +7.53% | -10.32% | View data |
| 6 | 6 Italy | 6,340 | 2023 | -4.14% | -5.69% | View data |
| 7 | 7 Netherlands | 4,680 | 2023 | -14.84% | -14.91% | View data |
| 8 | 8 Sweden | 4,320 | 2023 | +1.46% | +3.79% | View data |
| 9 | 9 France | 3,480 | 2023 | -8.85% | -4.76% | View data |
| 10 | 10 Spain | 3,240 | 2023 | -1.84% | -4.65% | View data |
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