The flat glass shaping and processing production value in Norway shows a consistent decline from 2024 to 2028, descending from 71.8 million Euros in 2024 to 67.2 million Euros by 2028. In 2023, the production value stood at 73.0 million Euros, marking a year-on-year variation of -1.6% in 2024 and progressively declining by 2% to 2.2% each subsequent year.
Over the last two years, the annual contraction averaged around 1.9%, with a 5-year CAGR reflecting an average annual decrease of approximately 1.6% in production value. This suggests a sustained downward trend in the industry.
Future trends to watch for include advancements in glass processing technologies, changes in building regulations advocating for more energy-efficient glass solutions, and potential fluctuations in raw material costs. Monitoring these factors could provide insights into potential stabilizers or accelerants to the observed declining trend.
