From 2013 to 2023, the turnover in Germany's mining and quarrying sector demonstrated significant fluctuations. Starting at 12.74 billion euros in 2013, it varied yearly, reaching an unexpected peak of 23.94 billion euros in 2018, followed by a sharp decline to 11.01 billion euros in 2019. By 2023, the turnover stood at 12.25 billion euros. The last two years saw minor decreases of 0.69% and 0.68% respectively. The cumulative annual growth rate (CAGR) over the past five years averaged -12.54%.
Future trends to watch for include the stability of turnover values from 2024 to 2028, which are predicted to gradually decline at a forecasted 5-year CAGR of -0.54%. Potential market stabilization or shifts due to technological, regulatory, or economic factors could influence these trends further.
