The production of aluminium in Norway is expected to follow an upward trend from 2024 to 2028. In 2023, the production stood at 1.643 billion kilograms, and from 2024 onwards, forecasted data predicts consistent year-on-year growth:
- 2024: Expected to grow by 4.1% compared to 2023
- 2025: Expected to grow by 4.0% compared to 2024
- 2026: Expected to grow by 3.8% compared to 2025
- 2027: Expected to grow by 3.6% compared to 2026
- 2028: Expected to grow by 3.4% compared to 2027
The compounded annual growth rate (CAGR) for the period from 2024 to 2028 is projected to be 3.8% per year.
Future trends to watch for in the aluminium market include potential technological advancements in the production process, increased focus on sustainability, and fluctuations in global demand which could impact production levels and growth rates.
