The forecast for Norway’s oilseeds market indicates a growing trend from 18.56 thousand metric tons in 2024 to 20.28 thousand metric tons in 2028. Comparing to the base year 2023, which stood at 18.12 thousand metric tons, this represents a steady year-on-year increase of approximately 2.4%-2.5%. Over the last two years, the market has seen consistent positive trends, and the compound annual growth rate (CAGR) over the next five years is expected to be around 2.3%.

Future trends to watch for include:

Advancements in agricultural technology possibly enhancing yield and efficiency.
Potential changes in government policies affecting oilseed production and import/export dynamics.
Shifts in consumer preferences toward more plant-based products impacting demand.
Global climate change influencing crop yields and market volatility.