From 2013 to 2023, the furniture manufacturing production value in Sweden has witnessed various fluctuations. Initially, the production value decreased from 2.78 billion euros in 2013 to 2.62 billion euros in 2014, showing a decline of 5.73% year-on-year. The following years saw minimal changes with minor increases and decreases, until it stabilized at 2.66 billion euros between 2020 and 2023, showing a year-on-year variation close to -0.026%. The compound annual growth rate (CAGR) over the last five years was approximately 0.31%, suggesting steady stabilization despite minor yearly variations.
Looking ahead to the forecasted period from 2024 to 2028, the production value is expected to remain stable at 2.66 billion euros. The forecasted 5-year CAGR is slightly negative at -0.02%, indicating a very marginal decline with an overall flat growth rate.
Future trends to watch for:
- Impact of sustainable manufacturing practices on production costs and competitiveness.
- Technological advancements, particularly in automation and smart manufacturing.
- Changing consumer preferences towards eco-friendly and customizable furniture.
- Global economic influences and trade policies that may affect export demand.
