The output of Non-Metallic Mineral Products in Sweden showed consistent growth from 2013 to 2023, increasing from 42.45 billion SEK in 2013 to 59.17 billion SEK in 2023. The year-on-year variation percentage fluctuated significantly over this period, reaching a peak of 9.94% in 2016 and experiencing slight declines only in 2014, 2019, and 2020. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) was 1.63%. Forecasted data suggests continued growth, with the output expected to reach 66.27 billion SEK by 2028, resulting in a forecasted 5-year CAGR of 1.8%.
Future trends to watch for include:
- Technological advancements in production processes improving efficiency and reducing costs.
- Increasing demand from construction and infrastructure projects, particularly in urban development.
- Potential environmental regulations impacting production methods and material sustainability.
- Market dynamics influenced by fluctuations in global economic conditions and raw material prices.
- Developments in recycling and usage of alternative materials possibly affecting industry growth.