In 2023, the turnover in the stone, sand, and clay quarrying sector in Norway stood at 11.30 billion Norwegian Krones. The forecasted turnover for 2024 is 11.51 billion Norwegian Krones, reflecting a 1.86% increase from the previous year. This trend of growth continues with annual increases: 1.82% in 2025, 1.71% in 2026, 1.68% in 2027, and 1.56% in 2028. Over the last two years, the average yearly growth has been positive but modest, with the compound annual growth rate (CAGR) over the last five years averaging around 1.72%.

Future trends to watch for in the Norwegian stone, sand, and clay quarrying sector include:

Technological advancements in extraction and processing methods which may enhance efficiency and reduce operational costs.
Environmental regulations and sustainability initiatives which might impact operational practices and costs in the sector.
Market demand fluctuations driven by construction and infrastructure projects that could significantly influence turnover.