Based on the data provided, Norway's forecasted Non-Ferrous Metal Trade Balance is projected to see a steady year-on-year increase from 2024 to 2028. In 2023, the trade balance stood at 2.55 million metric tons. The forecast anticipates annual increments: 0.78% in 2024, 0.78% in 2025, 0.77% in 2026, 0.77% in 2027, and 0.76% in 2028. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is expected to be approximately 0.77%.
Future trends to watch for:
- Global market fluctuations in non-ferrous metal demand and supply
- Technological advancements in metal extraction and processing
- Environmental regulations impacting production and trade
- Economic conditions influencing import/export policies