Key Market Indicators
Norwegian freight volume is projected to reach approximately 46,800 million tonne-kilometers by 2028, rising from around 39,200 million tonne-kilometers in 2023. This marks an average annual growth rate of 2.8%. Since 1975, Norway's freight supply has expanded by an average of 6.6% annually. In the global ranking for 2023, Norway was positioned at number 20, with Finland slightly ahead at 39,200 million tonne-kilometers. Leading the ranking were Kazakhstan, Germany, and Poland, occupying the second, third, and fourth spots, respectively. In terms of freight revenue, Norway is expected to reach approximately €6,100 million by 2028, up from €5,900 million in 2023. This represents a compound annual growth rate (CAGR) of 0.6%. Since 2013, the Norwegian freight market has seen a modest average annual increase of 0.5%. In 2023, Norway ranked 17th globally, with Portugal just ahead at €5,900 million. France, Poland, and Germany held the second, third, and fourth positions in this ranking, respectively.