In 2023, Norway's wheat production at farm gate was valued at 137.25 million USD. The data forecasted for subsequent years shows a steady increase in value: 139.77 million USD in 2024, 141.34 million USD in 2025, 142.89 million USD in 2026, 144.42 million USD in 2027, and 145.94 million USD in 2028.
Year-on-year analysis highlights consistent growth in value:
- 2024: +1.83%
- 2025: +1.12%
- 2026: +1.10%
- 2027: +1.07%
- 2028: +1.05%
The Compound Annual Growth Rate (CAGR) over the last five years was 1.12%, depicting a stable upward trend in the value of wheat production.
Future trends to watch for include the impact of climate change on crop yields, advancements in agricultural technology enhancing productivity, and fluctuations in global wheat prices which could affect Norway's production value.
