Between 2013 and 2023, Sweden's ores and metals exports exhibited notable fluctuations. Starting from a significant year-on-year decline in 2013, the sector saw modest recovery periods interspersed with dips, particularly in 2015, 2016, and 2019. A robust uptrend was observed in 2020 and 2021, with double-digit growth, peaking in 2021. However, recent years saw a cooling off, with a slight decline in 2022 and 2023, where it stood at 5.33 in Unit of Goods Exports. The compounded annual growth rate (CAGR) over the last five years till 2023 was 3.16%, indicating moderate overall growth.
Future trend analysis should focus on:
- Forecasted minor year-on-year declines from 2024 to 2028.
- A negative five-year CAGR forecast, hinting at a potential deceleration in export volumes.
