In 2023, the production value of glass and glass products in Norway stood at 265.2 million Euros. The forecast data for the years 2024 to 2028 shows a gradual decline in production value, starting from 259.5 million Euros in 2024 and reaching 239.6 million Euros by 2028. This indicates a continuous year-on-year decrease: approximately 2.1% from 2024 to 2025, 2% from 2025 to 2026, 2% from 2026 to 2027, and 1.9% from 2027 to 2028. Over the 5-year forecast period, the Compound Annual Growth Rate (CAGR) reflects an average annual decline of approximately 2.1%.
Future trends to watch for in the glass and glass products industry in Norway include potential impacts of technological advancements in manufacturing, shifts towards sustainable and recyclable materials, and changes in market demand driven by construction and automotive industries. Additionally, economic factors such as changes in energy costs and regulatory policies may further influence production values.
