Iron exports from Norway are forecasted with slight yearly declines from 2024 to 2028. The value stands at 3.68 million metric tons in 2024, dropping to 3.62 million metric tons by 2028. For comparison, the value in 2023 was higher but not significantly so. Year-on-year variations display a consistent downward trend of approximately -0.54% to -0.28% annually. The Compound Annual Growth Rate (CAGR) over the next five years is estimated at approximately -0.34%, indicating a steady but slow decline.
Future trends to watch for include global market demand fluctuations, potential new trade agreements, and the impact of technological improvements in the mining and export processes. Environmental regulations and shifts in energy production methods could also influence iron export volumes.
