Based on the data provided, Norway's biomass domestic material consumption is forecasted to slightly increase year-on-year from 2024 to 2028, starting at 13.56 million metric tons in 2024 and reaching 13.6 million metric tons by 2028. This indicates a very modest growth rate of approximately 0.07% annually over this period.
In 2023, the actual biomass consumption was 13.55 million metric tons. The year-on-year increase from 2023 to 2024 is about 0.07%, and the same rate continues for subsequent years. The compound annual growth rate (CAGR) over the five-year forecast period from 2023 to 2028 is expected to be around 0.07%.
Future trends to watch for include the potential impacts of technological advancements in biomass processing, policy changes supporting renewable energy sources, and shifts in market demand for sustainable materials. These factors could significantly influence biomass consumption rates in Norway.