The aviation fuel trade balance in Norway is projected to grow steadily from 2024 to 2028. The forecasted trade balance increases from 670 thousand metric tons in 2024 to 866 thousand metric tons in 2028. This represents a consistent year-on-year increase of approximately 7.3% on average when considering the predicted growth for each consecutive year. The last two years have shown a significant uptick, with each year displaying an approximate average increase of 8% in aviation fuel trade balance. The compounded annual growth rate (CAGR) over the five-year forecast period stands at about 9.3%, reflecting a strong and sustained growth trajectory.
Future trends to watch for include potential regulatory changes related to carbon emissions, shifts in global travel demand post-pandemic, and technological advancements in aviation fuel efficiency. Monitoring these factors will be crucial in understanding and adapting to the evolving dynamics of the aviation fuel market in Norway.