Analyzing the forecast for palm oil distribution in Turkey from 2024 to 2028, the distribution starts at 1.02 million metric tons in 2024 and is forecasted to increase progressively up to 1.11 million metric tons by 2028. In 2023, the distribution stood at 1.00 million metric tons.
Year-on-year variations are as follows:
- 2024: +2.00%
- 2025: +2.94%
- 2026: +1.90%
- 2027: +1.87%
- 2028: +1.83%
The 5-year compound annual growth rate (CAGR) from 2024 to 2028 is approximately +2.12%.
Future trends to watch for include potential impacts of regulatory changes towards sustainable and environmentally friendly sourcing, shifts in consumer preferences, and any fluctuations in global palm oil production that could affect supply dynamics in Turkey.
