The forecasted energy consumption for ethanol production in Norway is expected to increase steadily from 2024 to 2028. The value for 2024 stands at 22.21 Thousand Tonnes Of Oil Equivalent (ktoe), rising to 23.60 ktoe by 2028. This consistent increase suggests a stable growth trend in energy requirements for ethanol production.
Year-on-year variation analysis from 2025 to 2028 shows a gradual increase in energy consumption:
- 2024-2025: 1.67%
- 2025-2026: 1.55%
- 2026-2027: 1.48%
- 2027-2028: 1.42%
Based on these trends, the compounded annual growth rate (CAGR) over the five years from 2024 to 2028 is projected to be around 1.52%.
Future trends to watch for include technological advancements in ethanol production that may impact energy efficiency, as well as potential policy changes directed at renewable energy adoption which could alter consumption patterns. Monitoring these factors will be critical for adjusting forecasts and strategic planning.
