The gross investment in the manufacture of machinery for the metallurgy sector in Sweden experienced several fluctuations from 2013 to 2023. The value stood at 19.4 million Swedish Kronas in 2023. The sector witnessed significant growth between 2016 and 2019, peaking in 2019. A downturn followed, and by 2023, the gross investment had decreased by 5.83% from the previous year. Over the past two years (2021-2023), the average year-on-year decrease was about 6.52%, while the CAGR over the last five years (2018-2023) is slightly negative at -0.61%. The forecasted data from 2024 to 2028 suggests a continued decline, with a 5-year CAGR of -2.64% and an overall negative growth rate of -12.5% by 2028.
Future trends to watch for:
- Shifts in demand for metallurgical machinery globally which may impact investment levels.
- Technological advancements and automation that could alter investment levels in machinery.
- Regulatory changes or government incentives impacting the metallurgy sector.
- Macroeconomic factors in Sweden and key trading partners influencing capital expenditure decisions.
