In 2023, Turkey's gross production of olives stood at approximately 1.6674 billion US dollars PPP. Forecast data from 2024 to 2028 indicates a slight downward trend. The value is expected to decrease from 1.6653 billion US dollars PPP in 2024 to 1.6577 billion US dollars PPP by 2028.
Year-on-year variations show a minimal decline:
- 2024 to 2025: -0.12%
- 2025 to 2026: -0.11%
- 2026 to 2027: -0.11%
- 2027 to 2028: -0.11%
The compound annual growth rate (CAGR) over this five-year period is -0.11%, suggesting a very slight average annual decrease.
Future trends to watch for include potential impacts of climate change on olive production, advancements in agricultural technology, and shifts in global demand for olives and olive-related products. These factors could influence both production volumes and values in the long term.
