In 2023, the Mining and Quarrying sector's final consumption of hard coal in Sweden stood at 136,000 metric tons, reflecting a minor year-on-year increase of 0.74%. Over the last two years, there was a growth of around 1.5% in 2022 and 0.74% in 2023. Additionally, the compound annual growth rate (CAGR) for the past five years was 1.38%, indicating a slow but steady increase in consumption. Although the historical data shows fluctuations with significant drops in consumption in 2018 and gains in 2019, the forecast from 2024 to 2028 suggests a relatively stable trend with a moderate forecasted CAGR of 0.58%.
Future trends to watch for:
• The impact of renewable energy adoption and environmental policies on the mining and quarrying sector's reliance on hard coal.
• Potential advancements in mining technology improving efficiency and possibly reducing the sector's overall hard coal demand.
• Economic factors that may affect the sector's production and, consequently, its energy consumption profile.