Forecast: Turnover in Stone, Sand and Clay Quarrying Sector in Spain

The Stone, Sand, and Clay Quarrying sector in Spain has experienced fluctuating turnover over the past decade. The sector saw a peak value in 2019 before declining steadily. The year 2023 ended with a turnover of 1.22 Billion Euros, showcasing a continual decreasing trend with an 8.62% year-on-year decline from 2022. The compound annual growth rate (CAGR) for the past five years from 2018 to 2023 stands at -5.24%, indicating a negative growth trajectory. Projected data from 2024 onwards suggest a persistent downward trend, with a forecasted five-year CAGR of -9.42% and an overall decrease of 39.01% by 2028.

Future trends to watch for:

  • Potential impact of environmental regulations tightening.
  • Shifts in construction demand and industry recovery post-economic downturns.
  • Technological advancements that might affect operational efficiencies and costs.
  • Global supply chain dynamics influencing material availability and pricing.

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