Oil crops production in Norway shows a consistent growth trajectory from 2024 to 2028, starting at 14.43 thousand metric tons in 2024 and reaching 15.63 thousand metric tons in 2028. This represents a year-on-year growth of approximately 2.2%. The compound annual growth rate (CAGR) over the last five years, considering actual data up to 2023 and forecast data from 2024 onwards, is around 2.1%.
Future trends to watch for:
- Technological advancements in agricultural practices
- Changes in government policies and subsidies for oil crop production
- Environmental factors and climate change impacts
- Shifts in domestic and global demand for oil crops
