In 2023, the German mining and quarrying sector produced goods valued at approximately 9.58 billion euros. Over the last two years, the sector experienced a decline with a year-on-year variation of -2.17% in 2022 and -2.2% in 2023. Analyzing the previous five years, the sector's compound annual growth rate (CAGR) decreased by -12.73%. Projections for the next five years suggest an annual decline of -1.84%, leading to a total reduction of -8.87% by 2028, resulting in an estimated value of 8.53 billion euros.
Future trends to watch for include potential shifts in global demand for key resources, advancements in mining technology, and environmental regulations. Additionally, economic fluctuations within Germany and globally could significantly influence the sector's output.
