In 2023, Norway's harvested oilseeds production stood at 11.25 thousand metric tons. Forecasted data from 2024 to 2028 indicates a steady increase in production. Specifically, the year-on-year growth for 2024 is projected at 0.8%, with subsequent annual increases holding at approximately 0.8% through to 2028. Over the next five years, the compound annual growth rate (CAGR) is projected to be around 0.8% per year.
Future trends to watch for include advancements in agricultural technology, changes in climate conditions, and shifts in global oilseed demand which could impact production. Monitoring these factors will be key to understanding and anticipating significant changes in Norway's oilseed industry.
