Norway’s calculated inland consumption of bioethanol is forecasted to rise from 103.22 thousand metric tons in 2024 to 147.11 thousand metric tons in 2028. This represents a consistent year-on-year growth, with the forecast values for each subsequent year being 114.28 thousand metric tons in 2025, 125.27 thousand metric tons in 2026, 136.22 thousand metric tons in 2027, and 147.11 thousand metric tons in 2028. The average annual growth rate (CAGR) for the last five years is significant and indicates a robust upward trend in bioethanol consumption.
Future trends to watch for include:
- Technological advancements in bioethanol production.
- Changes in government policies and subsidies supporting renewable energy.
- Increased adoption of bioethanol in the transportation sector.
- Environmental regulations impacting fuel consumption.
- Market dynamics and price fluctuations of bioethanol and other energy sources.
