In Norway, the turnover in the retail sale via mail order houses or the internet sector is projected to grow from 38.37 billion Norwegian Krones in 2024 to 47.41 billion Norwegian Krones by 2028. For context, the actual turnover in 2023 stood at 36.33 billion Norwegian Krones. The projected year-on-year growth rate is approximately 6% from 2024 to 2025, 5.6% from 2025 to 2026, 5.2% from 2026 to 2027, and 4.9% from 2027 to 2028. This represents a Compound Annual Growth Rate (CAGR) of 5.7% over the five-year period from 2024 to 2028.
Future trends to watch for include the continued growth in e-commerce driven by technological advancements, a move towards more sustainable purchasing options, and the impact of digital payment systems. Additionally, the rise of mobile commerce and changes in consumer behavior, particularly post-pandemic, are expected to further influence this sector's growth trajectory.
