In 2024, the forecasted soybean supply in Norway is stable at 435.0 thousand metric tons, reflecting a steady trend from previous years. This consistency continues into 2025 and 2026, with the same forecasted value. A slight increase is observed in 2027 and 2028, where the supply rises slightly to 436.0 thousand metric tons. As of 2023, the soybean supply was also 435.0 thousand metric tons. The year-on-year variation between 2024 and 2026 indicates no change, while a minimal 0.23% increase is expected in 2027 and 2028. Over the last five years, the Compound Annual Growth Rate (CAGR) of soybean supply in Norway is effectively 0%, indicating a remarkably stable market.
Future trends to watch for include potential impacts of climate change on soybean yields globally, trade policy changes affecting import costs, and shifts in dietary preferences towards plant-based proteins. These factors could influence the consistency of soybean supply in Norway.
