In 2023, the availability of kerosene-type jet fuel (excluding biofuel portion) for final consumption in Norway stood at a baseline figure. From 2024 to 2028, the forecasted consumption values indicate a gradual increase. The year-on-year variations are as follows:
- 2024 to 2025: +0.9%
- 2025 to 2026: +0.6%
- 2026 to 2027: +0.67%
- 2027 to 2028: +0.88%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately +0.72% per year, indicating a steady but modest growth in jet fuel consumption.
Future trends to watch for include the impact of sustainable aviation fuel adoption, technological advancements in aircraft efficiency, and regulatory changes aimed at reducing carbon emissions in aviation.
