Over the past decade, Turkey's palm kernel oil demand has shown a consistent downward trend, with actual figures declining from 95.0 thousand metric tons in 2014 to 52.0 thousand metric tons in 2023. The notable year-on-year reductions include a 10.53% drop in 2015 and a 12.94% decrease in 2016. Over the last two years, the demand diminished by 3.7% annually. The five-year CAGR up to 2023 was -3.46%, and future forecasts predict a -4.46% CAGR for the next five years, leading to a 20.41% overall reduction by 2028.
Looking ahead, several future trends will need attention, including the growing shift towards more sustainable and alternative oil sources, evolving consumer preferences towards healthier options, and potential regulatory changes impacting palm kernel oil imports and usage in Turkey.
