In 2023, Norway's bauxite exports stood at 1.89 million metric tons. The forecasted data from 2024 to 2028 indicates a steady increase: 1.91 million metric tons in 2024, 1.93 million in 2025, 1.96 million in 2026, 1.98 million in 2027, and reaching 2.0 million metric tons in 2028. This reflects a consistent year-on-year growth in the range of approximately 1-2%.
Over the last two years, from 2023 to 2025, the variation in bauxite exports shows a stable upward trend with a slight increase year-on-year. When considering the period from 2023 to 2028, the Compound Annual Growth Rate (CAGR) is modest, indicating a steady but rather slow growth in exports year after year.
Future trends to watch for include the global demand for bauxite and aluminum, technological advancements in bauxite extraction and processing, trade policies, and environmental regulations which could affect Norway's export capabilities.
