The forecast for maize feed in Norway from 2024 to 2028 shows a steady increase from 110 thousand metric tons in 2024 and 2025 to 111 thousand metric tons in 2026, which remains unchanged through 2028. In 2023, the maize feed volume was also at 110 thousand metric tons, indicating a very modest year-on-year growth rate of 0.91% starting in 2026. Over the last two years, the growth rate remained nearly static with no significant variations. The Compound Annual Growth Rate (CAGR) over the five years up to 2028 is close to 0.18%, illustrating minimal annual growth on average.
For future trends, factors to watch include climatic changes affecting crop yields, shifts in animal husbandry practices, and changes in the global maize market which could impact supply and pricing. Additionally, innovations in feed efficiency and substitutes could alter the demand dynamics. Monitoring these factors will be crucial for accurate forecasting and strategic planning.
