From 2013 to 2023, Norway's road freight transport sector displayed moderate fluctuations, ranging from annual growth to slight contractions. The year-on-year growth fluctuated significantly, with minor contractions in 2015, 2016, and 2018, followed by a notable recovery in recent years. By 2023, the value stood at 21.13 billion tonne kilometers. The overall compound annual growth rate (CAGR) for the five years leading to 2023 averaged around 1.13%, indicating steady growth in the sector.
Looking forward, the forecast from 2024 to 2028 projects a steady increase with an anticipated average yearly growth rate (CAGR) of 1%, culminating in a total increase of 5.08% over the period. By 2028, the total volume is expected to reach 22.5 billion tonne kilometers.
Future trends to watch for include advancements in transport efficiency driven by technology, increasing adoption of eco-friendly transportation, and potential regulatory changes impacting the sector. Additionally, the integration of digital logistics solutions will likely enhance operational efficiency and drive further growth in road freight transport.
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