The forecasted supply of olive oil in Turkey shows a steady increase from 2024 to 2028, with values ranging from 415.0 thousand metric tons in 2024 to 499.0 thousand metric tons in 2028. This indicates a consistent year-on-year increase, highlighting a positive growth trend.
The year-on-year variations are as follows:
2024: Initial forecast year
2025: 5.8%
2026: 4.8%
2027: 4.6%
2028: 3.7%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 3.8%, showcasing a healthy and sustainable increase in olive oil supply.
Future trends to watch for include the potential impact of climate change on olive yields, advancements in agricultural techniques, and shifts in global demand for olive oil. Monitoring these factors will be crucial in understanding and predicting the supply dynamics in the coming years.
