The gross investment in the stone, sand, and clay quarrying sector in Spain was reported at 51.9 million Euros in 2023. Over the last two years, there have been significant declines, with investments dropping by 2.63% in 2023 following a 2.38% decrease in 2022. The compound annual growth rate (CAGR) over the past five years stands at -12.22%, indicating a consistent downward trend in investment levels.
From 2013 to 2019, the sector experienced a somewhat volatile trend, with significant yearly fluctuations. Post-2019, however, the trend shifted towards a more consistent decline. This is particularly notable from 2020 onwards, where yearly declines have become the norm, resulting in a significantly reduced investment base by 2023.
Looking to the future, between 2024 and 2028, the sector is forecasted to continue its declining trajectory with a forecasted CAGR of -2.05%. It's worth noting that aggregate growth over this period is expected to decline by 9.84%, suggesting a slow but persistent contraction in investments.
Future trends to watch for include potential technological advancements that could revitalize the sector, shifts in regulatory frameworks that might impact investment attractiveness, and broader economic factors such as construction demand and raw material prices, which could either mitigate or exacerbate the sector's decline.
