The forecasted data for oilseeds feed in Norway shows a slight but consistent decline from 2024 to 2028. The value is expected to decrease from 25.0 Thousand Metric Tons in 2024 to 23.0 Thousand Metric Tons by 2028. This represents a year-on-year decrease of 4% between 2024 and 2025, and a similar trend continuing through 2028. From 2025 to 2026, and 2027 to 2028, the value remains stable, with no further percentage decline. The compound annual growth rate (CAGR) over the forecasted period suggests an average annual decline of approximately 2%.
Future trends to watch for include potential changes in agricultural policies, advancements in oilseed processing technologies, and shifting demand from livestock industries. Additionally, global market fluctuations and climate change impacts may also influence Norway's oilseed feed volumes.
- Year-on-year variations: - 2025/2024: -4% - 2026/2025: 0% - 2027/2026: -4% - 2028/2027: 0%- Compound Annual Growth Rate (CAGR): -2% from 2023-2028