Forecast: Volume of Road Freight Transport in Norway

In 2023, the volume of road freight transport in Norway stood at 252.1 million metric tons. The forecasted data for the upcoming years shows a gradual decline in volume, reaching 251.0 million metric tons by 2024, then further decreasing to 249.87 million metric tons in 2025, 248.77 million metric tons in 2026, 247.68 million metric tons in 2027, and 246.62 million metric tons by 2028. This continual decline indicates a negative growth trend in the road freight transport sector.

The year-on-year percentage variation highlights a consistent reduction in volume by approximately 0.45% annually over each of the forecasted years. Over the last two years, a similar decrement trend is expected to continue. The compound annual growth rate (CAGR) from 2024 to 2028 implies an average annual decrease of about 0.45% in road freight transport volume.

Future trends to watch for include the impact of regulatory changes aimed at reducing carbon emissions, technological advancements in logistics and transportation, and shifts in trade patterns or domestic economic activity that could influence freight volume. Additionally, the growth of alternative transport modes or innovations in supply chain efficiency might play a key role in shaping the road freight transport landscape in Norway.