In 2023, Italy led the European Mining and Quarrying Gross Value Added with €14.35 billion, experiencing a significant year-on-year growth of 25.27%. Spain followed with €9.04 billion, seeing a 27.52% increase. Germany and France recorded €7.92 billion and €3.16 billion respectively, with Germany growing 12.73% and France 10.63%. Finland's value was €1.27 billion with a modest 5.05% growth. Conversely, Estonia, Slovakia, and Croatia faced declines of -5.36%, -12.69%, and -6.89% respectively. Luxembourg, Slovenia, Latvia, and Lithuania saw slight positive changes while contributing lower absolute values.
Looking forward, key trends to watch include technological advancements impacting productivity, policy shifts towards sustainable practices, and fluctuating demand for raw materials. Market dynamics influenced by renewable energy transitions and geopolitical factors will also play crucial roles in shaping the sector's future.
Top countries in Mining and Quarrying Gross Value Added by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 14,350 | 2023 | +48.22% | +25.27% | View data |
| 2 | 2 Spain | 9,040 | 2023 | +34.24% | +27.52% | View data |
| 3 | 3 Germany | 7,920 | 2023 | -13.8% | +12.73% | View data |
| 4 | 4 France | 3,160 | 2023 | +13.51% | +10.63% | View data |
| 5 | 5 Finland | 1,270 | 2023 | +1.2% | +5.05% | View data |
| 6 | 6 Estonia | 185.64 | 2023 | +1.37% | -5.36% | View data |
| 7 | 7 Slovenia | 167.33 | 2023 | +1.61% | +3.14% | View data |
| 8 | 8 Slovakia | 164.54 | 2023 | +1.05% | -12.69% | View data |
| 9 | 9 Latvia | 164.35 | 2023 | +0.72% | +4.63% | View data |
| 10 | 10 Lithuania | 130.33 | 2023 | -14.94% | +0.9% | View data |
