In 2023, the rapeseed oil production in Turkey stood at 94.0 Thousand Metric Tons. The forecast for 2024 is 95.0 Thousand Metric Tons, which is a year-on-year increase of approximately 1.06%. From 2025 to 2028, the production is expected to grow by 1.05% annually, reaching 99.0 Thousand Metric Tons in 2028. Over the last two years of the forecast period (2027 to 2028), the year-on-year variation is again expected to be 1.02%. The Compound Annual Growth Rate (CAGR) over the five-year forecast period from 2024 to 2028 is projected to be 1.06%.
Future trends to watch for:
- Cultivation improvements and technological advancements.
- Changes in domestic and international demand for rapeseed oil.
- Government policies and subsidies impacting agricultural production.
- Environmental factors and their influence on crop yields.
- Global market trends influencing the export potential.
