Forecast: Basic Metals Manufacturing Output in Norway

Based on the data provided, the year-on-year variations (%) for the Basic Metals Manufacturing Output in Norway from 2024 to 2028 are as follows:

  • 2025: (6.18/6.09 - 1) * 100 = 1.48%
  • 2026: (6.26/6.18 - 1) * 100 = 1.29%
  • 2027: (6.35/6.26 - 1) * 100 = 1.44%
  • 2028: (6.43/6.35 - 1) * 100 = 1.26%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is calculated as:
CAGR = ((6.43/6.09)^(1/4) - 1) * 100 = 1.38% per year.

The Basic Metals Manufacturing Output in Norway is projected to grow modestly over the next five years. Key future trends to watch include technological advancements in production, shifts in demand from key industries such as construction and automotive, and regulatory impacts on sustainability and emissions. Keeping an eye on these factors will provide a clearer picture of the industry's trajectory.