Key Market Indicators
Norwegian oilseeds consumption is projected to reach approximately 20,000 metric tons by 2028, up from 18,000 metric tons in 2023. This represents an average annual growth rate of 1.8%. Since 2019, Norwegian demand for oilseeds has increased by 2.4% annually. In 2023, Norway ranked 105th globally in oilseeds consumption, with Kuwait surpassing it at 18,000 metric tons. The leading nations in this category were India, Indonesia, and Brazil, occupying the second, third, and fourth positions respectively. On the production front, Norwegian oilseeds output is expected to reach nearly 6,000 metric tons by 2028, up from 5,400 metric tons in 2023, growing at an average rate of 1.6% per year. Since 1966, Norway's oilseeds supply has seen a significant annual increase of 14.3%. In 2023, Norway was ranked 140th in global oilseeds production, with Iraq just ahead at 5,400 metric tons. The top producers in this ranking were Brazil, Malaysia, and the United States, holding the second, third, and fourth spots respectively.
