In 2023, Norway imported coal valued at 67 million US Dollars. Moving into 2024, the forecasted import value is projected to rise to 68.196 million US Dollars, showing a year-on-year increase of approximately 1.8%. For 2025, the import value is anticipated to climb to 69.448 million US Dollars, reflecting a 1.8% growth compared to 2024. The upward trend continues in 2026 with an expected import value of 70.675 million US Dollars, marking a 1.8% increase from the previous year. By 2027, the forecast suggests further growth to 71.877 million US Dollars, which is 1.7% higher than in 2026. Lastly, in 2028, coal imports are projected to reach 73.056 million US Dollars, a 1.6% rise over 2027. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.7%.
Future trends to watch for include potential shifts in energy policies towards renewable resources, fluctuations in global coal prices, and geopolitical factors affecting supply chains. These could all impact the forecasted coal import values for Norway.
