The turnover in the stone, sand, and clay quarrying sector in Austria showed fluctuating trends from 2013 to 2023, with the latest actual data standing at 927.4 million Euros in 2023. Between 2022 and 2023, the year-on-year variation was 0.52% indicating a relatively stable market. Over the last two years, the market saw minor changes in turnover, reflecting a balanced demand and supply scenario. The CAGR for the past five years was modest at 0.45%, highlighting steady, albeit slow growth in the industry.
Looking ahead, from 2024 to 2028, forecasted data suggests a gradual increase in turnover, with a forecasted 5-year CAGR of 0.4% and an overall growth rate of 2.03% by 2028. This indicates moderate but consistent growth in the sector. Stakeholders should anticipate modest improvements in market conditions.
Future trends to watch for include the impact of environmental regulations on quarrying practices, advancements in quarrying technology, and shifts in construction and infrastructure development that could influence demand for stone, sand, and clay materials.
