The oilseeds processing sector in Norway is forecasted to witness steady growth from 437.0 Thousand Metric Tons in 2024 to 444.0 Thousand Metric Tons by 2028. Comparing this with the actual data from 2023, the sector shows a consistent year-on-year increase in the range of 0.5% to 0.9%. The compounded annual growth rate (CAGR) over the next five years is expected to be around 0.6%, indicating stable and moderate growth.

Future trends to watch for:

Technological advancements in oilseeds processing that could improve efficiency and production capacity.
Shifts in consumer preferences towards healthier oils and organic products.
Potential impacts of environmental policies and sustainability regulations on the industry.
Developments in global trade dynamics and supply chain disruptions that could affect raw material availability and costs.