Key Market Indicators
Norwegian Metal Products Sales are projected to decline from €1.3 billion in 2023 to €1.2 billion by 2028, marking a 1.1% annual decrease. This follows a decade-long trend with the market shrinking by 0.3% yearly since 2013. In 2023, Norway ranked 19th in metal product sales, with Ireland surpassing it at €1.3 billion. Italy, France, and Poland held the 2nd, 3rd, and 4th positions respectively. In contrast, Norwegian Metal Products Imports are expected to grow. By 2028, imports are forecasted to reach approximately $407 million, up from $395 million in 2023, reflecting an average annual growth rate of 0.5%. This continues a longer-term trend, with Norwegian demand having increased by 0.8% per year since 1998. Exports of Norwegian Metal Products are also set to rise. Projections indicate that exports will climb from $78 million in 2023 to about $83 million by 2028, growing at an annual compound rate of 0.8%. Since 1998, Norway's metal product supply has seen a steady annual growth of 1.3%.
