The UK mining and quarrying sector reveals stable forecasts from 2024 to 2028, with values mostly unchanged at approximately 113.44 million hours until a slight increase to 113.45 million hours from 2027. In 2023, the actual value for working hours was not provided in the data; however, the forecasts suggest minimal year-on-year variation over the next five years. Consequently, the compounded annual growth rate denotes an insignificantly small growth rate, indicative of limited sector expansion.
Future trends to watch for:
- Technological advancements enhancing operational efficiency.
- Shifts in regulatory measures due to environmental considerations.
- Increased focus on sustainable mining practices.
- Potential impacts of geopolitical events on resource demand.
