The rubber and plastic products manufacturing output in Sweden stood at 5.23 billion Euros in 2023. Over the years, the industry has seen fluctuations with some negative year-on-year changes, such as in 2016 (-0.68%) and 2019 (-3.94%), mixed with positive growth periods like 2021 (11.36%). From 2013 to 2023, the industry had an overall trend showing resilience and modest growth, culminating in a CAGR of 0.51% over the last five years.
Future forecasts indicate a steady growth pattern, with output expected to reach 5.49 billion Euros by 2028, and a forecasted five-year CAGR of 0.78%, suggesting moderate yet consistent expansion. Things to watch for include:
- Technological advancements driving efficiency improvements
- Potential shifts in global supply chains
- Environmental regulations influencing manufacturing practices
