The production of consumer electronics in Sweden, as measured in value, reflected moderate fluctuations between 2013 and 2023. Initially, an increase in 2013 was followed by a significant dip in 2014. The industry witnessed a substantial growth in 2015, post which it experienced a gradual decline with slight variations up to 2023. As of 2023, the value stood at 94.7 million Swedish Kronas. Over the last two years, the market saw declines of 4.88% in 2022 and 2.97% in 2023. The five-year CAGR ending in 2023 indicated a -3.24% trend.
Looking forward from 2024, the forecast indicates a continual decline with a five-year CAGR of -2.78%, suggesting a reduction in market value by 13.14% over the period to 79.6 million Swedish Kronas in 2028. These figures underline a steady contraction in the market.
Future trends to watch for include the influence of technological advancements and shifts in consumer preferences, which could alter the production dynamics significantly. Moreover, the integration of sustainability practices and smart technologies could potentially rejuvenate the sector.
