Based on the data, the forecasted production of cottonseed meal in Turkey shows a steady upward trend from 2024 to 2028. Specifically, we see the production values increasing from 708.0 thousand metric tons in 2024 to 729.0 thousand metric tons in 2028. This translates to a year-on-year growth of approximately 0.85% from 2024 to 2025, 0.70% from 2025 to 2026, 0.70% from 2026 to 2027, and 0.69% from 2027 to 2028.
To provide a comprehensive analysis, it's important to note that the volume of cottonseed meal production in Turkey in 2023 was 702.0 thousand metric tons. The compound annual growth rate (CAGR) over the five-year forecasting period from 2024 to 2028 is around 0.71% per year. This gradual increase indicates a stable market with consistent growth.
Future trends to watch for include potential impacts from agricultural policies, changes in domestic and global demand for cottonseed meal, and advancements in agricultural technologies. Monitoring these factors will provide insights into whether this steady growth will continue, accelerate, or face challenges.
