The production in the carpets and rugs sector in Sweden showed a general upward trend from 2013 to 2023, as the sector grew from 474.1 million to 592.9 million Swedish Kronas. The year-on-year variation was quite dynamic, with notable fluctuations such as the 14.85% decline in 2020 due to the pandemic. However, the sector rebounded, achieving a 4.55% growth by 2023. From 2018 to 2023, the CAGR was 1.56%, indicating moderate and consistent growth.
Looking ahead, production is expected to continue growing, with the forecasted values reflecting a steady but slower CAGR of 0.73% over the next five years, reaching 622.7 million Swedish Kronas by 2028.
Future Trends to Watch For:
- Technological advancements in manufacturing and materials
- Shifts in consumer preferences towards eco-friendly and sustainable products
- Potential impacts of global trade dynamics and supply chain disruptions
- Economic recovery post-pandemic driving demand in the domestic market
