Key Market Indicators
Norwegian Meat Sales are projected to decline slightly over the next five years, falling from €4.58 billion in 2023 to €4.56 billion by 2028, marking an average annual decrease of 0.1%. This continues a longer-term trend, as the market has seen an average yearly decline of 2.3% since 2013. In 2023, Norway ranked 12th in Europe for meat sales, with Austria just ahead at €4.58 billion. France, Spain, and Italy held the second, third, and fourth positions, respectively. In contrast, Norwegian Meat Consumption is expected to rise modestly. Consumption is set to increase from 368,000 metric tons in 2023 to approximately 376,000 metric tons by 2028, translating to an average annual growth rate of 0.3%. Since 2019, meat consumption in Norway has grown by an average of 0.4% per year. Production of meat in Norway is also on an upward trajectory. By 2028, meat production is forecasted to reach nearly 389,000 metric tons, up from around 373,000 metric tons in 2023. This represents an average annual growth rate of 0.7%, consistent with the long-term growth rate observed since 1966.
