The Stone, Sand, and Clay Quarrying sector in Finland showcased fluctuating performance over the past decade. From 2013 to 2015, there was a steady decline, with turnover falling significantly. However, a recovery occurred from 2016 to 2018, highlighted by year-on-year growth peaking in 2017 and 2018. This trend slightly reversed in the subsequent years, maintaining relatively stable turnover with marginal declines until 2023, where the sector stood at 375.3 million Euros. The projected data from 2024 to 2028 indicate continued minimal decline, with a forecast 5-year CAGR of -0.14%.
Future trends to watch for include:
- Potential impact of environmental regulations on quarrying practices.
- The influence of technological advancements, such as automation, on operational efficiency.
- Market demand fluctuations tied to construction industry health and infrastructure investments.
