The production of iron, steel, and ferro-alloys in Sweden has exhibited volatile trends over the past decade. From 2013 to 2016, there was a consistent decline in production. A significant increase occurred in 2017, followed by fluctuating figures until a dramatic rise in 2020. Year-on-year variations highlight these fluctuations, with 2020 marking the highest surge of 304.09%, whereas other years saw substantial declines. In 2023, production stood at 5.5293 billion kilograms, achieving a modest increase of 3.6% over the previous year. The five-year compound annual growth rate (CAGR) from 2019 to 2023 is calculated at 0.97%.
Looking forward, forecast data suggests a steady upward trend from 2024 to 2028, with expected continuous annual increases and a five-year CAGR of 2.47%. By 2028, production is expected to reach 6.4609 billion kilograms, marking a growth rate of 12.96% over the forecast period.
Future trends to watch include the impact of technological advancements and environmental regulations on production processes. Additionally, global market demand and economic conditions will be critical factors influencing production levels.
