In 2023, the closing stock of kerosene-type jet fuel (excluding biofuel portion) in Norway stood at a certain value. From 2024 to 2028, the closing stock is forecasted to remain relatively stable, showing minimal year-on-year variation: from 63.62 thousand metric tons in 2024 to 63.64 thousand metric tons in 2028. Over the last two years, the variation in stock levels is just 0.02%, indicating negligible volatility. The compound annual growth rate (CAGR) over the next five years (2024-2028) is nearly flat, highlighting steady stock levels without significant increase or decrease.

Future trends to watch for:

Potential increase in the adoption of sustainable aviation fuel (SAF), possibly affecting kerosene-type jet fuel stocks.
Technological advancements in aircraft efficiency, potentially reducing jet fuel demand.
Policy changes impacting aviation fuel stockpiling practices.