In the mining and quarrying sector in Sweden, the production volume exhibited fluctuations over the years. While experiencing a drop from 2013 to 2015, the sector rebounded in 2016 and saw a significant peak in 2017 before declining again in 2018. The period between 2019 and 2023 showed a consistent year-on-year growth. In 2023, the production stood at 49.19 billion Swedish Kronas. Observing the variations, the last two years noted a steady increase of 4.04% in 2022 and 3.85% in 2023. The compound annual growth rate (CAGR) over the last five years was 6.52%. Looking ahead, the forecast data suggest an optimistic future with a forecasted CAGR of 2.62% from 2024 to 2028 and an overall growth rate of 13.8% over the next five years.
Future trends to watch for in the mining and quarrying sector include advancements in technology and automation, which could further drive productivity. Environmental regulations and sustainability practices are also likely to impact the future landscape, prompting shifts towards more eco-friendly extraction processes.