The iron exports from Sweden are forecasted to steadily increase from 33.45 Million Metric Tons in 2024 to 35.52 Million Metric Tons in 2028. In 2023, the actual value stood at 32.85 Million Metric Tons. The year-on-year growth from 2024 to 2028 demonstrates a consistent upward trend, with annual increases ranging from 1.59% to 1.51%. Over the last two years, the increase averaged 1.55%. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected at 1.48%, indicating stable growth in the medium term.
Future trends to watch for include potential impacts from technological advancements in mining, environmental regulations, fluctuations in global demand, and changes in trade policies that could affect the iron ore market. Additionally, attention should be given to Sweden's investment in sustainable mining practices and its ability to navigate economic and geopolitical uncertainties.
