From 2013 to 2023, the production in Glass and Glass Products in Sweden experienced various fluctuations. In 2013, production stood at 238.8 million SEK and reached a peak of 391.2 million SEK in 2014. Since then, it witnessed a notable decline and a plateau effect, stabilizing around 240 million SEK in recent years. By 2023, the production value was 243.2 million SEK.
In terms of year-on-year variations, 2014 saw the highest increase at 63.82%, while significant decreases were observed in 2015 (-25.15%) and 2016 (-10.11%). The last two years saw minimal declines with -1.32% in 2022 and -1.18% in 2023. Over the last five years, the compound annual growth rate (CAGR) was a mere 0.091%, indicating marginal growth.
Future forecasts (2024-2028) project a slight downward trend with a CAGR of -0.62%. By 2028, the production is expected to be around 233.3 million SEK, suggesting minimal long-term growth in the sector.
Future trends to watch for include potential impacts of technological advancements, increased environmental regulations, and shifts in global supply chains, all of which could influence the production dynamics in the Glass and Glass Products sector in Sweden.
