The forecast for poultry meat production in Norway demonstrates a steady growth from 2024 to 2028. In 2023, the production stood at 115.66 thousand metric tons. The year-on-year growth from 2024 onwards is visible, with an average annual growth rate of 2.27%. This indicates a healthy and consistent increase in poultry meat production.
Year-on-Year Variations:
- 2024: 2.08%
- 2025: 2.12%
- 2026: 2.07%
- 2027: 2.02%
- 2028: 1.97%
Compound Annual Growth Rate (CAGR) for 2024-2028 period is 2.05%, reflecting a stable upward trend over the next five years.
Future trends to watch for include potential changes in consumer preferences towards poultry due to health trends, possible fluctuations in feed prices that can impact production costs, and the influence of technological advancements in poultry farming practices. Additionally, monitoring regulatory changes within Norway and the broader European market will be essential as these could affect production volumes and operational costs.
