Based on the forecast data, the import value of sugars and sugar confectionery to Norway is set to decrease from 2024 to 2028, starting at 178.3 million USD in 2024 and gradually declining to 173.95 million USD by 2028.
The year-on-year percentage variation shows a consistent slight decline, largely in the range of about 0.5% to 0.6% per year. Over the last two years, this decreasing trend continues with the import value falling by approximately 1.1%. The five-year compound annual growth rate (CAGR) indicates an average annual decline of around 0.6%. In 2023, the actual import value was higher, which signifies the beginning of the downward trend.
Future trends to watch for include changes in global sugar prices, Norway's dietary shifts toward healthier options, and potential impacts from trade regulations or tariffs affecting imports. Additionally, advancements in sugar alternatives or domestic production innovations could further influence these forecasts.
