In 2023, marine fuel imports to Norway stood at 4.37 million metric tons. The forecasted data from 2024 to 2028 indicates a steady growth in imports, with values projected to increase gradually each year: 4.38 million metric tons in 2024, 4.39 million metric tons in 2025, 4.41 million metric tons in 2026, 4.43 million metric tons in 2027, and 4.45 million metric tons in 2028.
The year-on-year variation from 2023 to 2024 is anticipated to be approximately 0.23%, and from 2024 to 2025, it is expected to be around 0.23% as well. The average annual growth rate (CAGR) over this five-year period is projected to be around 0.23%.
Future trends to watch for include potential impacts from global fuel price fluctuations, changes in environmental regulations controlling maritime emissions, and advancements in alternative energy sources that may affect the demand for traditional marine fuels. Monitoring technological advancements in the maritime industry that improve fuel efficiency could also influence import volumes.
