Sweden’s exports to the UK in Arts, Entertainment, and Recreation Services showed significant fluctuations between 2013 and 2023, standing at 1.1864 million USD in 2023. The early years saw dramatic changes, notably a 573% rise from 2012 to 2013 and significant drops in 2014 and 2015. Post-2017, the sector experienced varied performance with a substantial rise (355%) in 2017 but faced a -68% drop in 2018. Performance in recent years, particularly 2021 and 2022, showed positive growth, with year-on-year variations of 132% and 14% respectively. The average CAGR over the last five years stands at 11.24% and a forecasted average yearly growth rate of 2.06% from 2024 to 2028.
Future trends to watch for:
- Continued recovery post-2020 disruptions.
- Potential impact of new trade policies and economic agreements.
- Innovations in digital and live entertainment exports.
- Monitoring UK’s economic and cultural trends influencing imports from Sweden.
