The forecast for Germany's mining and quarrying sector shows a gradual decline in turnover from €12.17 billion in 2024 to €11.84 billion by 2028. This indicates a consistent decreasing trend, with the turnover shrinking by approximately 0.99% annually over the forecasted period. The yearly decline suggests a challenging environment for the sector, potentially influenced by regulatory changes, environmental considerations, or market dynamics.
Future trends to watch for include:
- The impact of environmental regulations on operational costs and profitability.
- Technological advancements in extraction and processing that could drive efficiencies.
- Global market demand fluctuations, especially from emerging economies.
- Sustainability efforts and their influence on sector dynamics.