In 2023, the value added of Non-Metallic Mineral Products in Sweden stood at 17.22 billion SEK. Historical data shows an overall upward trend from 2013 to 2023, with the value increasing from 13.16 billion SEK. However, this period also featured fluctuations such as a notable dip in 2018 and variations in year-on-year growth rates, from -14.73% in 2013 to a moderate 1.71% increase in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) averaged 2.32%, indicating steady albeit slowing growth.
Future projections suggest the value will continue to grow, reaching 18.62 billion SEK by 2028, with a forecasted 5-year CAGR of 1.24%. Also noticeable is the forecasted overall growth rate of 6.36% over the same period. These projections reflect a less aggressive but consistent growth trajectory compared to previous years.
Future trends to watch:
- Technological advancements in manufacturing processes.
- Environmental regulations and sustainability efforts impacting production.
- Market demand for innovative non-metallic mineral products.