In 2024, the Mining and Quarrying Gross Value Added (GVA) in Spain is projected to be 11.21 billion euros. This figure is set to rise year-on-year, reaching 13.26 billion in 2025, 15.18 billion in 2026, 16.99 billion in 2027, and 18.7 billion by 2028. From 2023 to 2024, the sector's GVA shows a sustained growth trajectory, reflecting positive market expectations and potential expansion activities.
The year-on-year variation from 2024 to 2025 registers an increase of 18.25%, while subsequent years show increases of 14.46% (2025 to 2026), 11.93% (2026 to 2027), and 10.06% (2027 to 2028). The Compound Annual Growth Rate (CAGR) over the forecast period from 2023-2028 stands at an average of 13.18%, indicating robust sectoral growth.
Future trends to watch for in the mining and quarrying sector in Spain include advancements in sustainable mining practices, increased investments in technology to enhance operational efficiency, and fluctuations in commodity prices driven by global economic factors. Additionally, regulatory changes and environmental policies may influence growth prospects in the coming years.
