Over the period from 2013 to 2023, the rubber products manufacturing production value in Sweden demonstrated fluctuations. In 2023, the production stood at 1.09 billion Euros. From this data, we see a significant decline from 2013 to 2016, followed by a brief recovery in 2017 and a notable peak in 2018. Post-2018, the trend was erratic with a significant dip in 2019 and a notable decline during the pandemic in 2020. However, recent years show a marginal upward trend stabilizing at 1.09 billion Euros from 2021 to 2023. The average annual variation (CAGR) over the last five years (2019-2023) was around -1.6%
Future projections for 2024 to 2028 suggest a stable trend remaining primarily at 1.09 billion Euros with a slight increase forecasted for 2028 at 1.1 billion Euros. This indicates a modest forecast 5-year CAGR of 0.1%, projecting minimal growth.
Future trends to watch for:
- Impact of technological advancements on production efficiency in the manufacturing sector.
- Potential market shifts towards sustainable and environmentally friendly rubber products.
- Economic recovery post-pandemic and its influence on industrial production levels.
