The forecast for cherries gross production in Norway from 2024 to 2028 shows a consistent decline. The value in 2024 stands at 1.23 million US Dollars PPP, decreasing year-on-year to 1.16 in 2025, 1.09 in 2026, 1.02 in 2027, and reaching 0.953 by 2028. This represents a steady annual decline over the five-year period with a Compound Annual Growth Rate (CAGR) reflecting a negative trend.
When comparing the most recent data, the decline from 2024 to 2025 is approximately 5.7%, from 2025 to 2026 about 6%, from 2026 to 2027 roughly 6.4%, and from 2027 to 2028 around 6.5%. Over the last two years (2022-2023), these variations reflect an ongoing downward trend.
Future trends to watch:
- Impact of climate change on cherry production in Norway.
- Technological advancements in agriculture potentially offsetting declines.
- Changing consumer preferences influencing market demand.
- Policy changes or subsidies affecting the agricultural sector.
