The sunflowerseed oil production in Turkey has seen steady growth from 2014 to 2023, reaching a value of 1.07 million metric tons in 2023. This growth has been punctuated by some fluctuations, with notable increases in 2015 (13.16%) and 2017 (27.09%). However, there were slight declines in 2016 (-10.53%), 2019 (-0.81%), and 2020 (-2.97%). Over the last five years, the compound annual growth rate (CAGR) averaged at 1.47%, showing a modest but consistent upward trend.
Looking ahead, forecasts suggest continued growth in sunflowerseed oil production, with a predicted CAGR of 1.48% from 2023 to 2028, culminating in a value of 1.17 million metric tons by 2028. This represents a total growth of 7.62% over the five-year period.
Future trends to watch for include potential impacts of climate change on sunflower yields, shifts in domestic and international demand, and advancements in agricultural technology that could enhance production efficiency. Additionally, policy changes and economic factors will play a crucial role in shaping the industry's trajectory.
