The structural metal products production value in Sweden has shown a fluctuating trend from 2013 to 2023, with a notable dip in 2020 due to external factors, likely the COVID-19 pandemic, followed by a recovery and growth phase up to 2023. The year-on-year variation indicates volatility, with significant drops and growths, such as the -25.63% in 2020 followed by recovery and growth periods. The Compound Annual Growth Rate (CAGR) over the last 5 years leading to 2023 highlights a gradual recovery, with an average annual growth of 2.83%. The forecasted data from 2023 to 2028 suggests a steadier phase, with a forecasted 5-year CAGR of 1.69% and a total growth rate of 8.76%, indicating a more stable yet modest growth outlook for the structural metal products industry in Sweden.
Looking ahead, factors such as advancements in manufacturing technology, the global economic climate, and domestic demand within construction and infrastructure sectors will be crucial in shaping the future trends of the structural metal products production value in Sweden. Keeping an eye on these elements will be key for anticipating future industry shifts.