The forecast for Germany's mining and quarrying output indicates a consistent annual growth from 2024 to 2028, with values rising from 18.13 billion Euros to 20.66 billion Euros. Compared to the 2023 level of 17.52 billion Euros, the projected year-on-year increases demonstrate moderate growth rates, progressively strengthening within this period.
The average annual growth rate over five years, the CAGR, reflects a steady upward trend, driven by ongoing demand and advancements in mining technology. Sustained economic activity and industrial demand can further influence growth trajectories.
Future trends to watch for include:
- Technological innovations enhancing efficiency and sustainability.
- Regulatory and environmental policies impacting output levels.
- Market demand shifts, particularly in materials critical for renewable energy technologies.