In 2023, the sold production of frozen potatoes in Norway stood at 93.1 million Euros. The forecasted data for the upcoming years indicates a steady upward trend in production value. For 2024, the expected production value is 95.597 million Euros, increasing to 98.112 million Euros in 2025, 100.6 million Euros in 2026, 103.07 million Euros in 2027, and 105.51 million Euros in 2028.
The year-on-year variations showcase a progressive growth rate:
- From 2023 to 2024: 2.68%
- From 2024 to 2025: 2.63%
- From 2025 to 2026: 2.53%
- From 2026 to 2027: 2.46%
- From 2027 to 2028: 2.36%
The Compound Annual Growth Rate (CAGR) for the forecasted period from 2024 to 2028 is approximately 2.53%, indicating a consistent increase in production value.
Future trends to watch for:
- Advancements in freezing technology improving quality and shelf-life.
- Changes in consumer preferences towards convenience foods driving demand.
- Economic factors such as inflation and currency fluctuations impacting production costs and pricing.
- Environmental policies affecting agricultural practices and supply chains of frozen potatoes.
