Aluminium production value in Sweden showed notable fluctuations between 2013 and 2023, rising from 934.5 million Euros in 2013 to 1140.0 million Euros in 2023. The production value saw a low point in 2014 at 890.9 million Euros and a subsequent recovery with peaks in 2017 and 2019, both at 1100.0 million Euros. The year-on-year variations indicate significant volatility, with negative changes noted in some years such as 2014 and 2020, while years like 2015 and 2021 experienced substantial growth. Over the last two years (2022-2023), the year-on-year variation was relatively stable with slight growth of around 0.86-0.88%. The 5-year CAGR from 2019 to 2023 was 0.68%.
Looking forward, the forecasted data from 2024 to 2028 suggests a steady increase in aluminium production value, with a CAGR of 0.69% and an overall growth rate of 3.48% over the five-year period. By 2028, the production value is expected to reach 1190.0 million Euros.
Future trends to watch for in the aluminium industry include advancements in sustainable production processes, shifts in global demand and supply chains, and the impact of regulatory changes aimed at reducing carbon footprints within the industry. Monitoring these factors will be crucial for anticipating further shifts and making strategic decisions in the aluminium sector.
