The actual raw steel production in Switzerland in 2023 stood at 1.58 million metric tons. Forecasted figures show a gradual increase in production with values of 1.6 million metric tons in 2024, 1.61 million metric tons in 2025, 1.63 million metric tons in 2026, 1.65 million metric tons in 2027, and 1.66 million metric tons in 2028. This array indicates a steady average growth rate of around 0.88% per year.
Year-on-year variations reveal the following trends:
- 2024: +1.27%
- 2025: +0.62%
- 2026: +1.24%
- 2027: +1.23%
- 2028: +0.61%
The five-year CAGR from 2024 to 2028 stands at approximately 0.88%, indicating consistent but moderate growth in the Swiss raw steel industry.
Future trends to watch for include technological advancements in steel production, shifts in global market demand, environmental regulations impacting production, and potential trade policy changes that could affect export and import dynamics. Monitoring these factors will be crucial for understanding fluctuations and leveraging growth opportunities in Swiss raw steel production.
