Forecast: Non-Metallic Minerals Sector Final Consumption of Hard Coal in Sweden

The non-metallic minerals sector's final consumption of hard coal in Sweden has exhibited significant fluctuations over the past decade. Notable peaks occurred in 2015 and 2022, with lows in 2020 and 2021. In 2023, consumption stood at 228.0 thousand metric tons. The year-on-year variances indicate substantial swings, with a remarkable 53.15% increase from 2021 to 2022 followed by a steady 4.11% rise into 2023. Over the last five years, the CAGR has oscillated, reflecting an average annual growth of 1.37%.

From 2024 onwards, consumption is forecasted to stabilize at 228.0 thousand metric tons, implying no growth with a forecasted 5-year CAGR of 0. Trends indicate a prospective stabilization in hard coal consumption within this sector.

Future trends to watch for:

• Possible shifts to more sustainable energy sources, affecting hard coal consumption.
• Regulatory changes and their impact on the use of hard coal in industrial processes.
• Technological advancements in non-metallic mineral production that could either increase efficiency or reduce the need for hard coal.