The forecasted data for Norway’s Metal Manufacturing Production Value shows a consistent decline from 2024 to 2028, with values decreasing from 18.6 million Euros in 2024 to 14.2 million Euros in 2028. This represents a year-on-year negative variation, indicating a contraction in the sector. Specifically, the year-on-year decrease is approximately -6.45% annually over the forecast period. This trend suggests a significant downturn in Norway’s metal manufacturing sector over the next five years.
Looking ahead, it’s crucial to monitor factors that could influence these trends, including global metal prices, technological advancements in manufacturing, and Norway’s environmental policies. Shifts in any of these areas could impact production values and potentially reverse or exacerbate the current downward trend.