Forecast: Household Expenditure on Mobile Phone and Telephone Equipment in Sweden

The household expenditure on mobile phone and telephone equipment in Sweden has exhibited fluctuation between 2013 and 2023. From a modest 9.6 billion SEK in 2013, spending surged significantly to 24.5 billion SEK in 2023. The year-on-year variations reveal significant jumps in spending, particularly in 2015 (39.52%) and 2017 (43.96%), alongside periods of decline such as in 2016 (-20.28%) and 2019 (-16.45%). Short-term growth has moderated, with a 3.44% increase recorded in 2023. The last five years recorded a CAGR of 7.23%.

Looking ahead, forecast data suggests a continuous upward trend, with a forecasted CAGR of 3.65% from 2024 to 2028, projecting the expenditure to reach 30.87 billion SEK by 2028. Key trends to watch include advances in mobile technology, increased adoption of high-end smartphones, and potential economic fluctuations impacting consumer spending behavior.

• Surge in expenditure from 2013 to 2023, albeit with fluctuations.
• Significant annual increases in 2015 and 2017.
• Notable declines in 2016 and 2019.
• Moderate growth in the past two years.
• Forecasted continuous growth up to 2028 with a gradual CAGR.