The domestic material consumption (DMC) of uranium and thorium in Sweden peaked at 900 metric tons in 2018, followed by a significant decrease in 2020 to 650 metric tons. In 2023, the consumption stood at 780 metric tons, showing a mild year-on-year increase of 4.15% from 2022. The Compound Annual Growth Rate (CAGR) for the past five years indicates a decrease of 2.81%, while the projected five-year forecast CAGR suggests a modest growth rate of 0.33% with expected consumption reaching 800 metric tons by 2028.
Future trends to watch for include:
- The stability in projected consumption levels post-2024, remaining constant at 790 metric tons through 2027.
- Potential shifts in energy policy or technological advancements impacting uranium and thorium consumption.
- Global market conditions and regulatory changes influencing domestic resource management in Sweden.
- The role of renewable energy development and its impact on traditional nuclear materials usage.
