The import of hydrogen to Norway in 2023 stood at 276.65 thousand US dollars. From 2024 to 2028, the forecasted data indicate a slight and consistent decrease: 276.6 thousand US dollars in 2024, declining marginally each year to 276.39 thousand US dollars by 2028. Year-on-year variation indicates a minimal decrease, with a 0.02% decrease projected from 2024 to 2025, and similar slight decreases annually through 2028. The cumulative average growth rate (CAGR) over the last five years also shows a minor negative trend.
Future trends to watch for include advancements in hydrogen production technology, global shifts toward sustainable energy, and potential changes in international trade policies. Additionally, Norway's domestic hydrogen production capacity could impact import needs, along with investments in green hydrogen from renewable sources. Monitoring these factors will be crucial for predicting future import trends.
