Key Market Indicators
Norwegian fuel imports are projected to decline slightly over the next five years, reaching approximately 244,000 cubic meters by 2028, down from around 246,000 cubic meters in 2023. This represents an average annual decrease of 0.1%. Historical data since 1966 shows that Norwegian demand for fuel has increased by nearly 12% year on year. In contrast, Norwegian fuel exports are expected to rise modestly. By 2028, exports are anticipated to hit roughly 93,000 cubic meters, up from about 91,000 cubic meters in 2023. This marks an average annual growth rate of 0.4%. Since 1979, the supply of Norwegian fuel has surged significantly, increasing by over 70% year on year.
