The forecast for the import of isocyanates to Norway shows a steady decline from 2024 onwards. The comparative values for 2024 to 2028 highlight a year-on-year decrease in volume: 14.3% between 2024 and 2025, 16.3% between 2025 and 2026, 19.1% between 2026 and 2027, and 23.2% between 2027 and 2028.
In 2023, the actual import volume of isocyanates stood at 569.21 thousand kilograms. The Compound Annual Growth Rate (CAGR) over the forecast period from 2024 to 2028 shows an average annual decline of approximately 16.5%.
Future trends to watch for:
- Technological advancements in alternative materials reducing reliance on isocyanates.
- Evolving environmental regulations impacting import patterns.
- Market shifts in the downstream industries such as insulation, automotive, and construction.