In 2023, the import value of platinum to Norway stood at 11.97 million USD. Based on forecast data for the years 2024 through 2028, there is a consistent year-on-year decline in the import values: a 3.14% decrease in 2025, a 3.25% decrease in 2026, a 3.29% decrease in 2027, and a 3.34% decrease in 2028. This results in a compound annual growth rate (CAGR) of -3.26% over the five-year forecast period.
Future trends to watch for include:
- Potential fluctuations in global platinum prices, which could impact import value projections.
- The introduction of technological advancements and new applications for platinum in various industries, possibly influencing demand.
- Regulatory developments within the EU and Norway that may affect trade policies and import tariffs.
- Market dynamics related to the supply chain and geopolitical factors that could disrupt platinum supply.