In 2023, the production of wood residues in Norway stood at 843.2 Thousand Cubic Meters. For the forecasted years from 2024 to 2028, the production shows a clear declining trend. From 2024 to 2025, there is a year-on-year decrease of approximately 14%, followed by a further 16.4% drop from 2025 to 2026. The downward trend continues into 2027 and 2028, exhibiting decreases of about 19.3% and 23.8%, respectively. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average annual decline of around 17.9%.
Future trends to watch for include potential impacts of environmental regulations on production, advancements in alternative biomass technologies, and shifts in global demand for wood residues. Monitoring these factors will be crucial in predicting long-term dynamics in the wood residues market.
