From 2014 to 2023, the coconut oil processing volume in Turkey saw fluctuating trends, peaking at 18,000 metric tons in 2014 and 2017, before gradually declining to 9,000 metric tons in 2023. The most significant year-on-year decline occurred in 2018 with a 44.44% drop, while the highest increase was noted in 2017 with a 28.57% rise. Over the past five years, the compounded annual growth rate (CAGR) was -2.09%, with a notable year-on-year decline of 10% from 2022 to 2023.

Future trends to watch for:

The forecast indicates a continued decline in volume, with a projected CAGR of -7.79% over the next five years.
By 2028, the volume is expected to decrease by 33.33% from current levels, reaching 6,000 metric tons.
Market dynamics, such as changes in consumer preferences, import policies, and the competitive landscape, will be crucial in shaping the future of coconut oil processing in Turkey.