Forecast: Production in Textiles Weaving Sector in Sweden

The production value in the textile weaving sector in Sweden has been generally declining from SEK 398.8 million in 2013 to SEK 276 million in 2023. Significant decreases are noted in years such as 2014 (-5.09%) and 2020 (-16.73%). More recently, between 2022 and 2023, there was a slight decline of -1.18%. The average annual decrease (CAGR) for the last five years leading up to 2023 is approximately -3.82%.

Looking at the forecast from 2024 to 2028, the sector is expected to continue its downward trend, with production values projected to fall to SEK 230.2 million by 2028. The forecasted average annual decrease (CAGR) for these five years is around -2.75%, with an overall anticipated decline of 13% by 2028.

Future trends to watch for include:

- Innovations in sustainable textile production practices

- Shifts in global supply chain dynamics

- Increasing competition from low-cost production regions

- Technological advancements in automation and textile manufacturing.