The production value of the manufacture of sports goods sector in Sweden saw significant fluctuations from 2013 to 2023. After reaching 1.15 billion Swedish Krona in 2013, it peaked in 2014 at 1.27 billion but then experienced a downward trend, especially notable from 2017 onward. The dramatic drop in 2017 marked the beginning of a phase of instability, with values hitting a low of 0.6668 billion by 2020. The sector showed a slight recovery post-2020, stabilizing around 0.883 billion in 2023 with a modest year-on-year increase of 3.3%.
Future projections indicate a gradual decline, with forecasted values decreasing annually to 0.7664 billion by 2028. The compounded annual growth rate (CAGR) for the next five years is expected to be -2.26%, suggesting continued challenges for the sector.
Key trends to watch for include:
- Technological advancements and their impact on production efficiency.
- Shifts in consumer preferences towards sustainable and eco-friendly products.
- Potential policy changes affecting the manufacturing landscape.
