The forecasted data for milk production at the farm gate in Norway indicates a slight decrease from 2024 through 2028. The value begins at 844.03 million USD in 2024 and gradually declines to 843.82 million USD in 2028. When analyzing year-on-year variations, the change is minimal, signifying a steady but very mild downward trend in production value. Comparing the data to 2023 is essential; however, the dataset does not include 2023 values. Over the past two years, from 2024-2025 and 2025-2026, the decrease is around 0.0083% and 0.0071%, respectively. The CAGR over five years is subtle, with an average variation per year being slightly negative, indicative of a marginal decline.
Future trends to watch for include potential impacts of climate change on dairy farming, evolving consumer preferences towards plant-based alternatives, and policy shifts in agricultural subsidies which may affect production levels and farm gate values.