In 2023, the import of cocoa beans to Norway stood at 12 thousand kilograms. For the subsequent years, the forecasted values show a steady increase: 12.7 thousand kilograms in 2024, 13.2 in 2025, 13.68 in 2026, 14.16 in 2027, and 14.62 in 2028. The year-on-year percentage variation reveals a consistent growth trend. The 2024 value sees a 5.8% increase from 2023, and in the following years, growth rates are 3.94% in 2025, 3.63% in 2026, 3.51% in 2027, and 3.25% in 2028. The Compound Annual Growth Rate (CAGR) over this period is approximately 4.52%.
Future trends to watch for include potential impacts of climate change on cocoa production regions, shifts in global trade policies, and changing consumer preferences towards more sustainable and ethically-sourced cocoa products. Additionally, technological advancements in agricultural practices could influence the supply dynamics and further affect import quantities.
