Wheat demand in Norway stood at 800 Thousand Metric Tons in 2023. Forecasts for 2024 suggest a demand of 790.93 Thousand Metric Tons, followed by gradual decreases over the next four years: 782.01 Thousand Metric Tons in 2025, 773.26 Thousand Metric Tons in 2026, 764.69 Thousand Metric Tons in 2027, and 756.29 Thousand Metric Tons in 2028. This represents a year-on-year decrease of approximately 1.13% from 2023 to 2024, 1.13% from 2024 to 2025, 1.11% from 2025 to 2026, 1.11% from 2026 to 2027, and 1.11% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecast period from 2023 to 2028 shows an average annual decline of around 1.11%.
Future trends to watch include the impact of climate change on agricultural yields, potential shifts in dietary preferences towards alternative grains, and fluctuating global wheat prices which could further influence domestic demand and supply dynamics.
