The forecast for Kerosene-Type Jet Fuel (Excluding Biofuel Portion) Gross Available Energy in Norway shows a consistent upward trend from 2024 to 2028, starting at 274.83 thousand tonnes of oil equivalent in 2024 and rising to 311.99 thousand tonnes of oil equivalent by 2028. Compared to the previous year's actual value of 265.0 in 2023, the year-on-year variation shows a clear growth trajectory.
Key points to note:
- From 2023 to 2024, the year-on-year growth is approximately 3.7%.
- The year-on-year growth for 2025 is around 3.6%.
- The growth pattern maintains consistency across subsequent years, with rates of 3.3%, 3.1%, and 2.9% for 2026, 2027, and 2028 respectively.
- The Compound Annual Growth Rate (CAGR) for the period from 2023 to 2028 is approximately 3.3%.
Future trends to watch for include advancements in fuel efficiency and alternative energy sources for aviation, which could impact the demand for kerosene-type jet fuel. Additionally, regulatory changes and environmental policies could also influence future projections and growth rates.
