Sweden leads European metal ore extraction with a 33.18% share, maintaining steady growth at 1.58% in 2023. Serbia exhibits significant growth, increasing by 8.05%, reflecting strong mining activities. Spain and Austria show moderate growth of 3.19% and 5.36% respectively. Conversely, Poland and Greece declined in extraction rates, with Greece dropping drastically by 13.08%. Other countries like France and Italy demonstrate potential for growth, despite their smaller extraction shares. The overall CAGR over the past five years indicates varied trends across the continent, with advancements in mining technology potentially impacting future outputs.
Future trends to watch include technological innovations that may enhance extraction efficiency, sustainability in mining practices, and geopolitical factors impacting resource accessibility. Countries with positive growth indicators may continue to dominate, while nations with a focus on mining investment and technology may gradually increase their extraction shares.
Top countries in Metal Ores Domestic Extraction Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 33.18 | 2023 | +1.03% | +1.58% | View data |
| 2 | 2 Bulgaria | 12.38 | 2023 | +3.56% | +0.72% | View data |
| 3 | 3 Finland | 11.97 | 2023 | +25.71% | +0.52% | View data |
| 4 | 4 Poland | 11.19 | 2023 | -1% | -1.38% | View data |
| 5 | 5 Serbia | 9.04 | 2023 | +2.76% | +8.05% | View data |
| 6 | 6 Spain | 8.53 | 2023 | +8.84% | +3.19% | View data |
| 7 | 7 Portugal | 3.5 | 2023 | -2.12% | -0.09% | View data |
| 8 | 8 Austria | 1.91 | 2023 | +2.03% | +5.36% | View data |
| 9 | 9 Romania | 1.35 | 2023 | +3.02% | +5.76% | View data |
| 10 | 10 Norway | 0.95 | 2023 | +17.55% | +2.75% | View data |
