The 2023 analysis of European mining and quarrying gross value added revealed Italy, Spain, and Germany as the leading contributors. Italy showed a strong year-on-year growth at 25.27%, with Spain surpassing it slightly at 27.52%. Germany exhibited moderate growth of 12.73%, while France grew by 10.63%, indicating a positive trajectory for major economies. However, Estonia, Slovakia, and Croatia faced declines, with Slovakia experiencing a significant contraction of 12.69%. Minor economies like Slovenia, Latvia, and Luxembourg showed slight growth.
Future trends indicate a shift towards sustainable practices and technology-driven processes, influencing production and profitability. Additionally, exploration in untapped regions may alter the competitive landscape. Observing policy changes from the EU towards green mining initiatives will be critical for foreseeing market dynamics.
Top countries in Mining and Quarrying Gross Value Added Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 39.1 | 2023 | +48.22% | +25.27% | View data |
| 2 | 2 Spain | 24.63 | 2023 | +34.24% | +27.52% | View data |
| 3 | 3 Germany | 21.58 | 2023 | -13.8% | +12.73% | View data |
| 4 | 4 France | 8.61 | 2023 | +13.51% | +10.63% | View data |
| 5 | 5 Finland | 3.45 | 2023 | +1.2% | +5.05% | View data |
| 6 | 6 Estonia | 0.51 | 2023 | +1.37% | -5.36% | View data |
| 7 | 7 Slovenia | 0.46 | 2023 | +1.61% | +3.14% | View data |
| 8 | 8 Slovakia | 0.45 | 2023 | +1.05% | -12.69% | View data |
| 9 | 9 Latvia | 0.45 | 2023 | +0.72% | +4.63% | View data |
| 10 | 10 Lithuania | 0.36 | 2023 | -14.94% | +0.9% | View data |
