The import of inflatable pleasure craft to Norway in 2023 stood at a certain undisclosed value, which served as the baseline for the forecasted data. In 2024, the value is projected to be 9.19 thousand, with a minor decline to 9.01 thousand in 2025, 8.84 thousand in 2026, 8.67 thousand in 2027, and 8.5 thousand in 2028. The year-on-year percent changes depict a gradual decrease: from 2024 to 2025, it is approximately -1.96%, from 2025 to 2026 around -1.89%, from 2026 to 2027 approximately -1.93%, and from 2027 to 2028 around -1.96%. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) is an average annual decline of around -1.93%.
Future trends to watch for include potential shifts in consumer preferences towards other types of recreational vessels, innovations in inflatable pleasure craft that might rejuvenate interest, and economic factors that could either bolster or dampen consumer spending in Norway. Observing these elements can provide further insights into how the import market for inflatable pleasure crafts may evolve.
