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Industry revenue of »freight transport by road« in Norway 2011-2023

The findings of a 2010 survey conducted by the World economic forum revealed that Norway had some of the poorest roads in Europe, making it difficult for heavy vehicles to ply on. Additionally, the country has the highest gasoline price in the world, at 7.32 U.S. dollars a gallon in 2019. This has not augured well for the road freight transport industry, with revenues projected to drop from 7 billion U.S. dollars in 2012 to 5.3 billion U.S. dollars by 2023. As a result, much of the freight transport is being carried out through sea and air, owing to their enhanced safety features and cost savings.

However, the sector is expected to benefit in the long term, owing to the growing favorable road infrastructural projects such as the E39 superhighway, which is expected to be over 1000 km long and will link various cities by road, that were previously not accessible directly. Additionally, the country is the market leader in Europe in terms of electro mobility and is expected to introduce a large fleet of electric trucks and vans for freight delivers in the medium to long term, which are expected to be a lot cheaper as compared to the ones running on gasoline.

Industry revenue of »freight transport by road« in Norway from 2011 to 2023

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Norway. The industry “freight transport by road“ has the code “H4941“.

Details on the methodology can be found here.

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Statistics on "Transport industry in Norway"

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