In examining the projected mining and quarrying output in the UK from 2024 to 2028, the data suggests a steady downward trend. Beginning at 41.33 billion euros in 2024, the output is expected to decrease to 39.71 billion euros by 2028. This represents a consistent decline at an annual rate close to 1%. For context, the actual value in 2023 was higher than the forecasted figure for 2024, indicating an ongoing contraction in the industry.
Key trends to watch in the future include:
- The impact of global demand shifts on mineral exports.
- Regulatory changes post-Brexit affecting the mining sector.
- Technological advancements influencing operational efficiencies.
- Environmental sustainability pressures and their influence on industry practices.
