The forecasted data for the value added of fabricated metal products in Norway shows a steady increase from 2024 to 2028, with values ranging from 21.66 billion Norwegian Krones in 2024 to 22.29 billion Norwegian Krones in 2028. This represents a consistent year-on-year growth rate of approximately 0.6%, indicating a stable and positive trend in the sector. The compound annual growth rate (CAGR) over this five-year period also supports a modest but steady upward trajectory in the industry’s value added.
Looking ahead, key trends to watch include technological advancements in metal fabrication, increasing demand for sustainable and environmentally friendly manufacturing processes, and the potential impact of global economic fluctuations on the sector. These factors could influence the future growth rates and overall market dynamics for fabricated metal products in Norway.