In 2023, the domestic extraction of metal ores in Germany stood at 580 thousand metric tons. The forecast indicates a gradual increase in extraction volumes, reaching 597.7 thousand metric tons by 2028. The year-on-year growth from 2023 to 2024 is approximately 0.58%, with a steady upward trend visible across the subsequent years.
The compound annual growth rate (CAGR) from 2024 to 2028 is forecasted at about 0.61%, indicating a stable growth trend. This moderate increase reflects incremental gains expected in the sector.
Future trends to watch for include potential impacts from changes in global demand for specific metals, technological advancements in extraction, and regulatory changes affecting mining operations in Germany. Additionally, environmental policies and sustainability initiatives could shape future extraction strategies.
