Iron ore production in Sweden has experienced significant fluctuations between 2013 and 2023, with a notable peak in 2013 at 37.41 million metric tons. After a steep decline in 2015 by 33.16%, production stabilized around 25-26 million metric tons. In 2023, production stood at 25.64 million metric tons, reflecting a minor decline of 0.31% from the previous year.
The last five years show an average annual decline (CAGR) of 0.32%, indicating a stabilization phase with slight downward trends. Short term trends from 2022 and 2023 show marginal decreases of around 0.32% and 0.31%, respectively.
Looking forward to the forecasted period (2024-2028), iron ore production is expected to decline moderately with a five-year CAGR projected at -0.26%, amounting to an overall decrease of 1.3% by 2028.
Future trends to watch for include technological advancements in mining, shifts in global demand, and environmental regulations that could impact production levels and operational efficiencies in the Swedish iron ore sector.