The gross investment in the stone, sand, and clay quarrying sector in Norway for 2023 is valued at 1.01 billion Norwegian Krones. The forecasted growth for the sector shows a steady and moderate increase over the following years. In 2024, the value is expected to reach 1.03 billion, representing a 1.98% year-on-year increase from 2023. In 2025, the value increases to 1.05 billion, a year-on-year rise of 1.94%. For 2026, a further increase to 1.06 billion is anticipated, with a year-on-year growth of 0.95%, and in 2027, the value is projected to reach 1.07 billion, a year-on-year rise of 0.94%. By 2028, the sector is predicted to grow to 1.09 billion, reflecting a year-on-year increase of 1.87%. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 stands at approximately 1.54%.
Future trends to watch for include the impact of national infrastructure projects, technological advancements in quarrying, and shifts in environmental policies. Monitoring these factors will be crucial for anticipating further investment opportunities and challenges in this sector.
