The production value of electrical equipment and electronics in Sweden has experienced a general downward trend from 2013 to 2023. Starting at 7.29 billion Euros in 2013, there have been fluctuations with the value dipping to 6.58 billion Euros in 2015, then slightly recovering in 2017 to 6.51 billion Euros. From 2019 onwards, the value has consistently remained below 6 billion Euros, stabilizing at 5.8 billion Euros by 2022 and sustaining through 2023. Year-on-year variation shows significant declines, such as -7.01% in 2016 and a small recovery of 6.36% in 2017. The Compound Annual Growth Rate (CAGR) over the past five years up to 2023 was -0.91%.
Looking forward, forecasted data for 2024 to 2028 suggests the production value will stabilize around 5.79 billion Euros, with minimal expected fluctuations reaching 5.78 billion Euros by 2028. The forecasted five-year CAGR indicates a marginal decline at -0.05%, which translates to a growth rate of -0.23%, suggesting a further slight dip or stagnation in the production value.
Future trends to watch for include technological advancements, potential increases in demand for innovative electrical and electronic products, and economic policies that could impact production dynamics. Monitoring market demand shifts and Sweden’s integration of green technologies might also influence potential upturns or downturns in this sector.
