In 2023, Germany led European mining and quarrying with an output of 9.2 billion Euros, although it experienced a -2.82% decline from the previous year. Austria followed, recording 2.33 billion Euros with a minor decrease of -1.07%. Portugal's output grew by 3.63%, reaching 1.62 billion Euros. Belgium, Slovakia, Luxembourg, and Cyprus trailed with varied performances, the latter experiencing a significant -4.18% drop. Over the past five years, these countries have shown diverse compound annual growth trends, reflecting economic shifts and sector-specific challenges.
Future trends to watch include:
- Shifts towards sustainable and eco-friendly mining practices.
- Potential policy changes across the EU affecting mining operations.
- Technological advancements improving operational efficiencies.
- Volatility in global demand for minerals impacting output levels.
Top countries in Output of Mining and Quarrying by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,200 | 2023 | -2.87% | -2.82% | View data |
| 2 | 2 Austria | 2,330 | 2023 | +2.72% | -1.07% | View data |
| 3 | 3 Portugal | 1,620 | 2023 | +1.29% | +3.63% | View data |
| 4 | 4 Belgium | 779.83 | 2023 | +1.23% | +0.64% | View data |
| 5 | 5 Slovakia | 516.12 | 2023 | +2.18% | -3.02% | View data |
| 6 | 6 Luxembourg | 85.91 | 2023 | +0.9% | -0.5% | View data |
| 7 | 7 Cyprus | 63.61 | 2023 | -1.33% | -4.18% | View data |
