The forecasted iron import data for Norway from 2024 to 2028 shows a consistent decline. In 2023, the import volume stood at 1.39 Million Metric Tons. The year-on-year percentage change reveals: from 2024 to 2025 a slight decrease of -0.73%, from 2025 to 2026 a -1.47% decrease, from 2026 to 2027 a -1.49% decrease, and from 2027 to 2028 a -0.76% decrease. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately -1.19%, indicating a steady decline over this period.
- 2024: 1.37 Million Metric Tons
- 2025: 1.36 Million Metric Tons
- 2026: 1.34 Million Metric Tons
- 2027: 1.32 Million Metric Tons
- 2028: 1.31 Million Metric Tons
Future trends to watch for include potential shifts in global iron supply and demand dynamics, changes in trade policies, and the impact of sustainable practices and materials in steel production, which could further influence Norway's iron import volumes.