Forecast: Production of Non-Ferrous Metals in Sweden

The production of non-ferrous metals in Sweden has exhibited significant fluctuations over the past decade. From 2013 to 2019, there were a series of ups and downs with notable drops in 2014 and 2020. The production value recovered impressively post-2020, peaking at 56.05 billion SEK in 2023. Over the span from 2020 to 2023, annual variations saw substantial growth, with the highest year-on-year increase at 23.08% in 2021. The compound annual growth rate (CAGR) varied significantly, observing a notable positive trend post-2018, stabilizing around 1.42% in 2023.

Looking ahead, the forecast suggests a steady increase in production values from 2024 onwards, with an expected CAGR of 1.53% over the next five years and an overall growth rate of 7.86% by 2028. The ongoing upward trend post-2023 signals considerable potential for growth in Sweden's non-ferrous metals sector.

Future trends to watch for include:

• Technological advancements in metal extraction and refinement processes, potentially enhancing production efficiency and sustainability.
• Market demand driven by sectors such as electric vehicles and renewable energy, increasing the need for non-ferrous metals.
• Regulatory changes and environmental policies impacting production capabilities and operational costs.