In 2023, the turnover for the stone, sand, and clay quarrying industry in Finland stood at 375.3 million Euros. Over the past two years, the industry experienced a decline, with a year-on-year variation of -0.45% in 2022 and -0.4% in 2023. The five-year Compound Annual Growth Rate (CAGR) leading up to 2023 was a modest 0.043%, indicating a relatively stagnant performance over the period. Forecasts from 2024 to 2028 predict a gradual decline in turnover, with a forecasted five-year CAGR of -0.14%, translating to a cumulative decrease of approximately -0.69% by 2028.
Future trends to watch for include:
-Increasing environmental regulations that may impact quarrying activities.
-Technological advancements in quarrying processes that could improve efficiency and reduce costs.
-Potential shifts in the construction industry that could affect the demand for materials sourced from quarrying.
