The production value of the mining and quarrying sector in Germany, expressed in Billion Euros, demonstrated notable fluctuations from 2013 to 2023. Particularly striking was the year 2018, which experienced a significant surge. However, the subsequent years saw a declining trend, with 2023 standing at 9.58 Billion Euros. Over the last two years, the sector experienced further contractions with a year-on-year decrease of 2.17% in 2022 and 2.2% in 2023. The compound annual growth rate (CAGR) over the last five years shows an average annual decrease of approximately 12.73%.

Future trends to watch for:

Germany's mining and quarrying sector is forecasted to continue declining with an expected CAGR of -1.84% from 2024 to 2028.
Environmentally driven regulatory changes and technological advancements in sustainable mining practices might reshape industry dynamics.
Global economic conditions, resource availability, and commodity prices could significantly impact production value.