Between 2013 and 2023, the precious metals and non-ferrous metals manufacturing production value in Sweden exhibited fluctuations, with an overall tendency towards stabilization. From a high of 4.42 billion Euros in 2013, the industry saw periods of decline and recovery with notable year-on-year variations. The past two years (2022 and 2023) show very slight decreases of -0.034% and -0.032%, respectively, leading to a recorded value of 4.43 billion Euros in 2023. The 5-year CAGR up to 2023 was -1.72%, reflecting a modest decline.
Looking forward to 2024-2028, the forecast suggests a stable industry with marginal annual decreases. The forecasted 5-year CAGR is anticipated to be -0.02%, indicating little variation and suggesting a plateauing trend in production value.
Future trends to watch for:
- Technological advancements in metals manufacturing and refining processes.
- Potential impacts of global economic shifts on demand for precious and non-ferrous metals.
- Development of sustainable practices and green technologies within the sector.
- Regulatory changes affecting mining and manufacturing practices.