The turnover in the retail sale via stalls and markets sector in Norway is projected to grow steadily from 2024 to 2028, starting at 323.3 million Norwegian Krones in 2024 and reaching 373.6 million Norwegian Krones in 2028. This reflects a compound annual growth rate (CAGR) of approximately 3.68% over the forecasted period. Analyzing year-on-year growth, we can observe increases of 3.93% from 2024 to 2025, 3.76% from 2025 to 2026, 3.58% from 2026 to 2027, and 3.46% from 2027 to 2028.
In 2023, the actual turnover was 311.4 million Norwegian Krones. Comparing this to the forecasted figures for 2024, there is a notable increase of 3.83%. Detailed variations over the last two years highlight a positive growth trend, indicating a resilient and upward trajectory in the sector's turnover.
Future trends to watch for include the impact of technological advancements on market operations, consumer preferences for sustainability and local produce, and potential economic fluctuations that could affect disposable incomes and spending habits in Norway. Monitoring these trends will provide valuable insights into the sector's performance and help in strategic decision-making.