The forecasted data for the Structural Metal Products Production Value in Norway shows a consistent decline from 2024 to 2028, starting at €1.28 billion in 2024 and decreasing to €1.22 billion by 2028. This indicates a gradual downward trend, with year-on-year decreases ranging from -1.56% to -1.63% over the forecast period. The Compound Annual Growth Rate (CAGR) over these five years further underscores a negative growth trend in the sector.
Looking ahead, it’s crucial for stakeholders to monitor factors that could influence these trends, including changes in global metal prices, advancements in manufacturing technologies, and shifts in demand within key industries. Additionally, Norway’s focus on sustainability and the transition to green energy may present new opportunities for innovation and growth in the structural metal products sector.