Forecasted primary oilseed production in Norway shows a steady upward trend from 2024 through 2028, starting at 5.49 Thousand Metric Tons in 2024 and reaching 5.94 Thousand Metric Tons by 2028. The production for 2023 was 5.38 Thousand Metric Tons, indicating an incremental increase.
Year-on-year variations are as follows:
- 1.5% increase from 2023 to 2024
- 2% increase from 2024 to 2025
- 2.1% increase from 2025 to 2026
- 1.9% increase from 2026 to 2027
- 1.8% increase from 2027 to 2028
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 stands at approximately 2.1%, reflecting consistent growth in production.
Future trends to watch for include technological advancements in agricultural practices, global climatic changes impacting crop yields, and policy changes that could affect both production and market accessibility.
