The forecasted gross inland consumption of kerosene-type jet fuel in Norway indicates a steady upward trend from 275.32 thousand tonnes of oil equivalent (ktoe) in 2024 to 312.97 ktoe in 2028. The year-on-year growth rates are as follows:
- From 2024 to 2025: 3.59%
- From 2025 to 2026: 3.35%
- From 2026 to 2027: 3.14%
- From 2027 to 2028: 2.95%
The compound annual growth rate (CAGR) over the five-year period stands at approximately 3.26%.
Looking ahead, future trends to watch for include the potential impact of advancements in aircraft fuel efficiency, shifts towards sustainable aviation fuels, and regulatory changes aiming to reduce carbon emissions. These factors could significantly influence the kerosene-type jet fuel market in Norway.
