The non-ferrous metals sector's final consumption of hard coal in Sweden has shown some fluctuations over the years. In 2023, consumption stood at 48 thousand metric tons, consistent with 2022, showing no year-on-year change. Over the last two years, the sector saw a decrease from 52 thousand metric tons in 2021 to 48 thousand metric tons in 2022, a 7.69% reduction. The compound annual growth rate (CAGR) for the past five years has been relatively stable but slightly negative at -0.42%. From 2013 to 2023, the consumption has seen fluctuations but remained on a relatively stable downward trend.
Future trends to watch for include:
- Potential shifts towards alternative energy sources as sustainability and environmental concerns grow.
- Impact of technological advancements in the non-ferrous metals sector which could reduce hard coal dependency.
- Evolving government policies and regulations aimed at reducing carbon footprint.