Based on the forecasted data, the production of crude or roughly trimmed granite in Norway is anticipated to experience steady growth from 2024 through 2028. The production values increase from 5.0692 billion kilograms in 2024 to 7.8859 billion kilograms in 2028. Compared to the actual production in 2023, this indicates a substantial upward trend.
The year-on-year percentage variations are as follows:
- 2025: 14.1% increase
- 2026: 12.3% increase
- 2027: 10.8% increase
- 2028: 9.6% increase
Analyzing the last two years (2023-2024) and extending through 2028, the compound annual growth rate (CAGR) of the production is approximately 11.7% per annum, showcasing a consistent rise in the granite production sector.
Future trends to watch for include advancements in quarrying technology that could further enhance production efficiency, fluctuations in global demand for granite, and the impact of environmental regulations that may influence production methods and capacities. Monitoring geopolitical and economic factors that affect the construction industry will also be crucial as they directly correlate with granite demand.
