The turnover for Precious Metals and Non-Ferrous Metals Manufacturing in Norway is forecasted to see a very slight year-on-year increase from 2024 to 2028, moving from 8.71 billion Euros in 2024 to 8.75 billion Euros in 2028. This translates to a steady growth rate of approximately 0.11% annually. For context, the turnover in 2023 stood at 8.70 billion Euros, indicating minimal growth over the recent past.
Key variations over the forecast period (2024-2028):
- 2024-2025: 0.11% increase
- 2025-2026: 0.11% increase
- 2026-2027: 0.11% increase
- 2027-2028: 0.11% increase
Looking at the longer-term trend, the Compound Annual Growth Rate (CAGR) over the 5-year period from 2024 to 2028 is approximately 0.11%, suggesting a period of very modest growth.
Future trends to watch for include potential impacts of economic fluctuations on commodity prices, advancements in metal recycling technologies, and evolving global trade policies which may influence demand and turnover in Norway's metals manufacturing industry.
