Based on the forecasted data, the wine market size volume in Norway is projected to steadily increase from 91.27 thousand metric tons in 2024 to 92.91 thousand metric tons in 2028. This represents a consistent year-on-year growth trend with minor variations. The actual data from 2023 shows that the wine market size volume stood at 90.86 thousand metric tons. Compared to this, the year-on-year percentage increase for 2024 is 0.45%, for 2025 it is 0.46%, for 2026 it is 0.46%, for 2027 it is 0.43%, and for 2028 it is 0.43%. The Compound Annual Growth Rate (CAGR) over the next five years is approximately 0.45% per year.
Future trends to watch for in the Norwegian wine market include the impact of potential changes in import regulations, shifts in consumer preferences towards organic or sustainable wine options, and economic factors influencing disposable income and consumption patterns. The gradual growth trend suggests a stable market, but monitoring these factors will be crucial for future market strategies.