The turnover in the precious metals and non-ferrous metals manufacturing industry in Sweden showed a varied trend over the last decade. From 2013 to 2023, the industry saw fluctuations with notable highs in 2017 and significant growth post-2020, reaching 8.54 Billion Euros in 2023. Between 2022 and 2023, there was a consistent year-on-year increase of 3.33%. Over the last two years, the average growth has been around 3.4%, while the five-year CAGR stands at approximately 2.84%. Post-2023, the forecast remains positive with a projected CAGR of 2.3% through 2028, indicating steady industry growth.
Several future trends to watch for include emerging technological advancements, increased demand for sustainable and environmentally friendly products, and potential market volatility due to geopolitical factors and supply chain disruptions. These trends could significantly impact the strategic planning and operational dynamics within the sector.