The forecast for greasy wool gross production in Norway indicates a slight decline from 2024 to 2028. In 2024, the value is projected at $13.08 million, decreasing to $12.79 million by 2028. Notably, the production value was recorded at $13.15 million in 2023. From 2024 to 2028, year-on-year variations show a gradual decline of approximately 0.61% each year. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected at -0.56% annually.
Future trends to watch for:
• Technological advancements in wool harvesting and processing
• Changes in global demand for wool products
• Economic factors affecting production costs and prices
• Environmental policies impacting wool farming practices
