The production in the Mining and Quarrying sector in France has seen a significant decline over the past decade. From 2013 to 2023, the industry's value dropped from 7.58 Billion Euros to 3.48 Billion Euros, marking a substantial decrease. The year-on-year variation showed notable negative changes particularly in 2017 (-27.11%) and 2023 (-8.85%). The last five years displayed an average annual decrease of -4.76% in value.
Looking ahead, the forecast anticipates a continual decline. By 2028, the value is projected to decrease to 1.84 Billion Euros, with a forecasted five-year CAGR of -10.17%, indicating a significant downward trend. This represents a substantial 41.5% reduction from 2023 figures.
Future Trends to Watch For:
- Impact of technological advancements on operational efficiency.
- Changes in regulatory policies and environmental standards.
- Market demand shifts for minerals and resources.
- Global economic conditions influencing commodity prices.
