The forecasted rye market size volume in Norway for the years 2024 to 2028 exhibits a significant decline. Starting from a value of 8.43 thousand metric tons in 2024, the market is expected to decrease steadily, reaching 3.02 thousand metric tons by 2028. This signifies a sharp downturn with the market contracting by approximately 64% over the forecast period. In 2023, the actual data stood at 9.14 thousand metric tons. The year-on-year decrease from 2023 to 2024 is around 7.8%, with subsequent declines further accelerating. The compound annual growth rate (CAGR) over the next five years calculates to a considerable negative growth, indicating a consistent decrease in market size.
Future trends to watch for include potential changes in consumer preferences, impacts of agricultural policies, and climatic conditions that may further influence the rye market dynamics in Norway. Additionally, exploring alternative crops or innovations in agricultural technology could potentially mitigate this downward trend.