In 2023, the import of silver jewellery and parts of precious metals to Norway stood at 33.20 thousand kilograms. The forecast for imports from 2024 to 2028 indicates a steady growth pattern. In 2024, the import volume is expected to rise to 33.49 thousand kilograms, representing a year-on-year growth of 0.87%. In 2025, the volume is forecasted to increase further to 33.79 thousand kilograms, showing another year-on-year growth of 0.89%. This trend continues with 0.89% growth in 2026, 0.88% in 2027, and 0.84% in 2028, reaching 34.68 thousand kilograms.
Over the last two years, the average year-on-year growth rate has been around 0.88%. When considering the compound annual growth rate (CAGR) from 2024 to 2028, the average annual variation stands at approximately 0.87%.
Future trends to watch for include fluctuations in global silver prices, changes in consumer preferences towards silver jewellery, and potential trade policy adjustments affecting import volumes. Monitoring economic indicators that influence disposable income and spending habits in Norway will also be crucial in forecasting future import trends.
