The demand for lemons and limes in Norway is forecasted to see a steady increase from 2024 to 2028. Starting at 11.24 thousand metric tons in 2024, the demand is expected to rise incrementally each year, reaching 11.92 thousand metric tons by 2028. In 2023, the actual demand stood at 11.07 thousand metric tons, showing a consistent year-on-year growth trend:
- Year-on-year growth from 2024 to 2025: 1.51%
- Year-on-year growth from 2025 to 2026: 1.49%
- Year-on-year growth from 2026 to 2027: 1.47%
- Year-on-year growth from 2027 to 2028: 1.45%
A five-year Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicates an average annual increase of approximately 1.5%.
Trends to watch for in the future include shifts in consumer preferences towards fresh produce, the impact of potential economic fluctuations on import volumes, and the influence of climate change on supply and pricing stability. Technological advancements in agricultural practices could also play a role in shaping the market's future.
