Between 2013 and 2023, the Stone, Sand, and Clay Quarrying turnover in Spain exhibited fluctuating trends, with periods of growth and decline. Notable growth years included 2015 (6.61%) and 2019 (8.6%), while significant declines were observed in 2013 (-16.4%) and 2020 (-8.77%).
As of 2023, the turnover was valued at 1.22 billion euros. Analyzing recent trends, the sector has faced consistent declines with a year-on-year reduction of 8.62% in 2023, following downturns in 2021 (-8.19%) and 2022 (-8.07%). The five-year CAGR from 2019 to 2023 stood at -5.24%.
Looking ahead, forecast data from 2024 to 2028 predict sharper declines, with a forecasted CAGR of -9.42% and an overall five-year decrease of -39.01%. By 2028, the turnover is expected to fall to 0.6751 billion euros.
Future trends to watch for include potential recovery strategies, technological advancements in quarrying, and regulatory impacts on the sector. Stakeholders should also monitor macroeconomic conditions that could influence demand in construction and related industries.
