The forecasted sold production of aluminium in Norway indicates a gradual decline from 2024 to 2028, starting at 1.3911 billion kilograms in 2024 and decreasing to 1.3231 billion kilograms by 2028. In 2023, the actual production stood at 1.4084 billion kilograms.
The year-on-year percentage variation from 2024 to 2028 is:- 2025: -1.24%- 2026: -1.24%- 2027: -1.26%- 2028: -1.25%
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -1.25%, reflecting a steady annual decrease in aluminium production over the forecast period.
Future trends to watch for include:- Potential impact of global aluminium demand shifts and geopolitical factors.- Technological advancements in aluminium production efficiency.- Environmental regulations influencing production practices.- Market competition and price fluctuations impacting production volumes.
