The sports goods turnover per employee in Norway is forecasted to decrease steadily from 2024 to 2028, starting at 246.1 thousand euros in 2024 and declining each year to 234.0 thousand euros by 2028. In 2023, the turnover per employee stood at 250.0 thousand euros. The year-on-year decline from 2024 to 2025 is approximately -1.7%, from 2025 to 2026 about -1.4%, from 2026 to 2027 around -1.1%, and from 2027 to 2028 roughly -0.9%. Over the last two years, the turnover per employee has decreased by -2.6%. The compounded annual growth rate (CAGR) for the period from 2024 to 2028 is -1.3%, reflecting a continuous, albeit gradual, decline.
Future trends to watch for:
- Technological advancements in sports goods manufacturing that could improve employee productivity.
- Economic conditions and consumer spending trends on sports goods.
- Changes in healthcare or fitness trends impacting sports goods demand.
- Possible shifts towards sustainable and environmentally friendly sports products impacting turnover.
