Key Market Indicators
Norwegian Metal Manufacturing Revenue is on a downward trajectory, anticipated to decline to roughly €17 million by 2028 from its current €20 million in 2023. This represents an average annual decrease of 2.4%. Since 2014, the Norwegian market has been shrinking by an average of 5% per year. As of 2023, Norway ranked 26th in the global market standings. Serbia slightly outperformed Norway with revenues also at around €20 million. Leading the rankings in the metal manufacturing sector are Italy, France, and Spain, which hold the 2nd, 3rd, and 4th positions, respectively.
