The demand for oilseeds in Turkey has shown fluctuations over the past decade, with notable highs and lows. The year-on-year variations have ranged significantly, such as a 6.8% increase in 2015, a sharp 7.95% decline in 2016, and a strong 11.22% rebound in 2017. Recent years have seen more stability with moderate annual increases around 0.8% from 2019 to 2023. In 2023, the demand stood at 9.29 million metric tons, highlighting a consistent, albeit slow, growth pattern.
Looking forward, the forecast indicates steady growth in oilseed demand, with an average annual growth rate (CAGR) of 0.56% from 2024 to 2028, resulting in a total increase of approximately 2.83% over the next five years.
Future trends to watch for include:
- Potential impacts of climatic conditions on oilseed production and supply.
- Changes in domestic and international trade policies affecting imports and exports.
- Technological advancements in agriculture that could improve yield and efficiency.
- Shifts in consumer preferences towards plant-based diets, possibly driving higher demand.
