Norway's forecasted roundwood production for 2024 stands at 13.42 million cubic meters, notably indicating an increase from 2023 levels, which were at 13.22 million cubic meters. Over the forecasted period, production sees a consistent year-on-year growth: 1.57% in 2025, 1.62% in 2026, 1.52% in 2027, and 1.50% in 2028.
Analyzing trends over the last two years, 2022 and 2023 showed a compound annual growth rate (CAGR) of about 1.5%. Extending this analysis into the five-year forecast from 2024 to 2028, the CAGR of approximately 1.54% per year suggests a steady upward trajectory in roundwood production.
Future trends to watch for include advances in sustainability practices in forestry, potential impacts of climate change on forest productivity, and market demand shifts for wood products, which could influence production volumes.
