In 2023, the value of barley production at the farm gate in Norway stood at 150.5 million euros. The forecasted data from 2024 to 2028 show a slight year-on-year decrease:
- 2024: 150.41 million euros (-0.06%)
- 2025: 150.3 million euros (-0.07%)
- 2026: 150.2 million euros (-0.07%)
- 2027: 150.11 million euros (-0.06%)
- 2028: 150.02 million euros (-0.06%)
Over the last five years, the Compound Annual Growth Rate (CAGR) for barley production value is approximately -0.08%, indicating a very gradual decline.
Future trends to watch for include potential impacts of climate change on crop yields, policy changes in agriculture subsidies, and shifts in domestic and global market demand for barley. These factors could influence the stability and profitability of barley production in Norway.
