The value added of non-metallic mineral products in Germany has shown a general upward trend from 2013 to 2023. In 2023, the value stood at 20.63 billion Euros, reflecting a steady increase since 2013. The year-on-year variation has shown fluctuations, with significant increases in some years, and minor declines in others. The last two years observed year-on-year variations of 2.26% for 2022 and 2.18% for 2023. The CAGR over the last five years was 2.24%, indicating a moderate but consistent growth.
Looking ahead, the forecast suggests that the value will continue to grow, reaching 22.77 billion Euros by 2028. The forecasted 5-year CAGR of 1.57% indicates a slower but persistent growth rate, with an overall 5-year growth rate forecast at 8.08%.
Future trends to watch for:
- Technological advancements and innovation within the industry.
- Impact of sustainability initiatives and regulatory changes.
- Economic factors influencing demand and production costs.
- Potential shifts in global supply chains and market dynamics.
