The import volume of taps, cocks, valves, and similar appliances to Sweden has displayed fluctuating trends since 2013. The import value stood at 19.749 million kilograms in 2023. Over the past two years, the year-on-year variation was modest, with a 1.8% increase in 2022 and a 1.73% increase in 2023. The compound annual growth rate (CAGR) over the last five years ending in 2023 was a conservative 1.75%, reflecting moderate growth.
Looking ahead, forecasted data suggests a steady increase in import volumes, with a projected value of 21.506 million kilograms by 2028. This represents a 6.9% overall growth rate and an estimated 1.34% CAGR over the next five years. Future trends to watch for include potential impacts from global supply chain dynamics and technological advancements in the manufacturing of such appliances, which may influence import volumes.