Forecast: Groundnuts Production in Turkey

Groundnuts production in Turkey is forecasted to steadily rise from 2024 through 2028, starting at 195.0 thousand metric tons in 2024 and reaching 210.0 thousand metric tons by 2028. In 2023, the actual production stood at 190.0 thousand metric tons. The year-on-year variation in production is observed to be around 2.1% for 2024, 2.1% for 2025, 1.5% for 2026, 2.0% for 2027, and 1.9% for 2028. The Compound Annual Growth Rate (CAGR) for groundnuts production over these five years is approximately 2.1%.

Future trends to watch for include:

  • Impact of climate change and weather patterns on agricultural yield.
  • Changes in domestic and international demand and their potential effect on production volume.
  • Technological advancements in agriculture that could optimize yield and efficiency.
  • Government policies and subsidies that might influence production output.

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