The production value in the manufacture of machinery for the metallurgy sector in Sweden has shown significant fluctuations between 2013 and 2024. In 2023, the production stood at 1,010 million SEK. The sector experienced a notable decline from 2013 to 2016, with production dropping from 868.6 million SEK to 519.8 million SEK. A recovery phase began in 2017, culminating in a peak of 1,070 million SEK in 2019. Over the next years, the trend stabilized with slight year-on-year variations, reflecting cautious market optimism.
Year-on-year variation for the last two years indicates stable growth, with 0.74% in 2022 and 0.73% in 2023. The compound annual growth rate (CAGR) for the past five years stands at 3.87%, suggesting a moderate but steady growth phase after the recovery post-2016.
Future trends indicate a conservative growth outlook with a forecasted 5-year CAGR of 0.55% and an overall 5-year growth rate of 2.79% by 2028. This suggests a period of market stability with marginal incremental gains.
Future trends to watch for include:
- Technological advancements within the sector could potentially uplift production efficiency and product demand.
- Global economic conditions and trade policies impacting metallurgy equipment exports.
- Investments in research, development, and sustainable practices that may shape the sector’s growth trajectory.
