The turnover in the Glass and Glass Products industry in Sweden has experienced significant fluctuations from 2013 to 2023. It peaked in 2013 at 2.91 billion SEK and saw substantial declines and rises in the following years, with another peak observed in 2017 reaching 2.73 billion SEK. From 2020, the turnover hovered around 1 billion SEK, with the latest actual value standing at 1.04 billion SEK in 2023.
Year-on-year variations highlight considerable volatility. Notably, the turnover dropped dramatically by 83.52% in 2018 but surged by 116.11% in 2019. The last two years, covering 2022 and 2023, showed decreases of 5.86% and 6.16% respectively. On average, the compound annual growth rate (CAGR) over the last five years is recorded as 18.16%, which should be observed due to the previous fluctuating values.
The forecast from 2024 suggests a declining trend. The turnover is expected to decrease steadily, reaching 0.7048 billion SEK by 2028, corresponding to a forecasted 5-year CAGR of -6.14%, projecting an overall decrease of 27.17% within this forecast period.
Future trends to watch for include:
- Technological advancements in glass manufacturing and their impacts on production costs.
- Shifts in market demand due to changes in consumer preferences or regulatory policies.
- Economic factors such as inflation and exchange rates affecting the cost and demand for glass products.
