Between 2013 and 2023, Türkiye's harvested area for olives dedicated to olive oil has shown fluctuating but generally positive growth. In 2023, the harvested area reached 670.4 thousand hectares. Year-on-year growth rates have varied significantly, peaking at 5.48% in 2018 and experiencing a slight decline of -1.38% in 2019. The most recent figures show an almost negligible increase of 0.36% from 2022 to 2023. The five-year CAGR leading up to 2023 stands at 0.5%, indicating a relatively slow but steady growth. Looking ahead to 2028, the forecasted CAGR from 2024 to 2028 is set at 0.39%, suggesting a continued albeit modest increase in the harvested area, resulting in a projected area of 687.6 thousand hectares by 2028.
Future trends to watch for include potential impacts of climate change on olive yields, technological advancements in agriculture that could increase efficiency, and shifts in global olive oil demand which could influence domestic cultivation practices. Additionally, economic policies and subsidies from the Turkish government could play a critical role in either accelerating or decelerating growth in this sector.
