The Coastal Freight Transport sector in Norway is projected to decline from 14.46 billion tonne kilometers in 2024 to 9.3 billion tonne kilometers by 2028. This marks a notable reduction compared to the actual value in 2023, which stood at 15.85 billion tonne kilometers. The year-on-year variations are reflected as follows: a 9.07% decrease from 2024 to 2025, an 9.89% decrease from 2025 to 2026, a 10.83% decrease from 2026 to 2027, and a 12% decrease from 2027 to 2028. Analyzing the projected data suggests a Compound Annual Growth Rate (CAGR) of -9.93%, indicating an overall decline in the industry over the next five years.

Future trends to watch for:

The impact of increasing regulations aimed at reducing carbon emissions from freight transport.
Technological advancements in maritime transport that could improve efficiency and cost-effectiveness.
Shifts in global trade patterns that may affect the volume of goods transported along coastal routes.
Economic factors such as trade agreements and changes in demand for Norwegian exports and imports.