The value added of non-metallic mineral products in Norway stood at 12.41 billion Norwegian Krones in 2023. The forecast for 2024 predicts it to rise to 12.7 billion, marking a year-on-year increase of 2.3%. This trend continues with annual increments of around 2.5% to 2.7% until 2028. The Compound Annual Growth Rate (CAGR) over the last five years (2024 to 2028) is approximately 2.5%.
Future trends to watch for include:
- Technological advancements in production processes
- Changes in regulatory frameworks impacting the industry
- Fluctuations in construction and infrastructure projects
- Environmental sustainability practices and their influence on business operations