The forecast for whole fresh cow milk production in Norway shows a slight but consistent decline from 1.5395 million metric tons in 2024 to 1.5269 million metric tons by 2028. This trend suggests a year-on-year decrease of approximately 0.21% each year. In 2023, the production stood at 1.5428 million metric tons, indicating a previous similarly mild downward trajectory over the past two years. The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is negative, averaging a 0.21% reduction per year.
Future trends to watch for include potential impacts of climate change on agricultural productivity, shifts in consumer preferences towards plant-based milk alternatives, changes in domestic and international dairy market dynamics, as well as possible government policy interventions aimed at supporting the dairy industry. Monitoring these factors will be crucial in understanding and predicting future production patterns.
