The forecast for Kerosene-Type Jet Fuel transformation output in Norway shows a consistent decline from 2024 to 2028. The values are projected to decrease from 8.02 Thousand Gigawatthours in 2024 to 7.74 Thousand Gigawatthours by 2028. This downward trend represents a slight year-on-year decrease of approximately 0.87% from 2024 to 2025 and continues similarly over the subsequent years. For context, the value in 2023 stood at 8.10 Thousand Gigawatthours. Despite these small yearly declines, the compounded annual growth rate (CAGR) over the five-year forecast period is negative, averaging approximately -0.89% per year.
Future trends to watch for:
- Adoption of biofuels, which might impact the demand for kerosene-type jet fuel.
- Technological advancements in jet engines that could improve fuel efficiency and reduce overall consumption.
- Regulatory changes focused on reducing carbon emissions in the aviation sector.