The Stone, Sand, and Clay Quarrying sector in France saw a steady decline in turnover from 2013 to 2023, falling from 6.27 billion Euros to 2.38 billion Euros. Year-on-year variations ranged from a maximum decline of approximately 30.85% in 2017, to smaller fluctuations, but the overall trend remained negative. The compound annual growth rate (CAGR) over the last five years stood at -5.08%. The steepest drop was in 2017 (-30.85%), with minor recoveries being short-lived. The CAGR projected for the 2024-2028 period is -10.58%, indicating an accelerated decline.
Future trends to watch for:
- Increased sustainability regulations impacting quarrying operations
- Technological advancements in extraction and processing
- Market diversification or businesses pivoting to alternative sectors
- Potential consolidation within the industry as smaller players exit the market
