Over the past decade, nominal expenditure on consumer goods in Sweden has showcased fluctuating growth patterns. From 2013 to 2020, annual variations ranged from -2.08% to 3.02%, reflecting periods of both modest growth and slight decline. The standout year 2021 saw a significant year-on-year increase of 13.43% followed by steady rises, reaching 121.11 thousand euros in 2023. This trajectory indicates a renewed post-pandemic consumer confidence and economic recovery. The average annual growth for the past five years (CAGR) was 3.76%, suggesting a stable upward trend despite economic challenges.
Looking ahead, forecast data from 2024 onwards predict a continued increase in nominal expenditure, albeit at a more tempered rate. By 2028, the forecast anticipates a CAGR of 1.01%, culminating in a total value of 129.02 thousand euros. This projected growth aligns with a moderate five-year overall growth rate of 5.13%, indicating sustained, steady economic development.
Future trends to watch for:
- Impact of inflation and resulting shifts in consumer purchasing power.
- Technological advancements and their influence on consumer behavior.
- Evolving demographic trends and their effect on demand for various consumer goods.
- Sustainability and increasing consumer preference for eco-friendly products.
- Impact of global economic conditions and supply chain disruptions.