In 2023, wool production in Norway stood at 3.4 thousand metric tons. The forecasted data indicates a gradual decline over the years, with production levels estimated at 3.35 thousand metric tons in 2024, decreasing to 3.16 thousand metric tons by 2028. Year-on-year variation shows a consistent decrease, with the most significant drops occurring in the latter years. The compound annual growth rate (CAGR) of the last five years denotes an average annual reduction, highlighting an overall downward trend in wool production.
Future trends to watch for include potential impacts of climate change on sheep farming, shifts in domestic and global demand for wool, and advancements in agricultural technology that may influence production levels. Additionally, policy changes and market dynamics within the broader textile industry could further affect wool production in Norway.
