Key Market Indicators
Norwegian Animal Feed Sales are projected to climb to approximately €4.5 billion by 2028, up from about €3.9 billion in 2023. This marks a steady annual growth rate of 2.3%. Over the past decade, the market has expanded at an average rate of 3.4% each year. In 2023, Norway ranked 9th globally in this market, with Belgium surpassing it at the same €3.9 billion mark. The top positions were held by Germany, France, and the Netherlands, taking the 2nd, 3rd, and 4th spots respectively. Norwegian Animal Feed Exports are expected to reach nearly 170 million kilograms by 2028, rising from around 143 million kilograms in 2023. This represents an average annual growth rate of 2.7%. Since 1998, Norway's supply has increased at an average rate of 2.9% annually. In 2023, the country ranked 26th in the global export market, with Canada moving ahead with 143 million kilograms. Germany, Belgium, and the United States occupied the 2nd, 3rd, and 4th positions respectively. On the import side, Norwegian Animal Feed Imports are forecasted to hit nearly 159 million kilograms by 2028, up from approximately 136 million kilograms in 2023. This equates to an average annual growth rate of 2.4%. Since 1998, demand in Norway has grown by an average of 3.1% each year.
