In 2023, Norway's biomass direct material inputs stood at 25.26 million metric tons. Forecasted data indicates a steady year-on-year increase: 2.5% in 2024, 2.4% in 2025, 2.4% in 2026, 2.2% in 2027, and 2.2% in 2028. The compound annual growth rate (CAGR) from 2023 to 2028 is 2.3%, reflecting consistent growth driven by higher demand for renewable energy sources.
Future trends to watch for include advancements in biomass technology, shifts in government policies favoring renewable energy, and potential fluctuations in biomass supply chains. Monitoring these factors will be crucial for understanding future biomass market dynamics in Norway.
