Analyzing the forecast for soybean oil demand in Norway from 2024 to 2028, we observe a steady increase from 19.3 thousand metric tons in 2024 to 20.14 thousand metric tons in 2028. The year-on-year percentage variation shows a gradual increase: 1.14% from 2024 to 2025, 1.07% from 2025 to 2026, 1.07% from 2026 to 2027, and 1.00% from 2027 to 2028. When taking the CAGR (Compound Annual Growth Rate) into account over the last five years, the annual average growth rate is approximately 1.08%.

Key future trends to watch for:

Potential policy changes regarding biofuel requirements that may impact soybean oil demand.
Shifts in consumer preferences towards healthier oils or more sustainable production methods.
Economic factors that could influence import levels or domestic production capacities.