In 2023, the production value of sea and coastal freight water transport in Norway was observed at 16.0 billion Euros. The subsequent forecasted values indicate a steady growth:
The year-on-year percentage variation for each forecasted year is as follows:
- 2024: 1.56% - 2025: 1.54% - 2026: 1.52% - 2027: 1.49% - 2028: 1.47%Over the last five years, the compound annual growth rate (CAGR) is approximately 1.52%.
Trends to watch for in the future include potential impacts from climate change regulations, technological advancements in water transport, and shifts in global trade dynamics which could all significantly influence the growth trajectory.
