In 2023, the domestic consumption of rapeseed oil in Turkey was recorded at 105.0 thousand metric tons. From 2024 onwards, the forecasted data indicates a steady increase in consumption. By 2024, the consumption is expected to be 106.0 thousand metric tons, rising to 108.0 thousand metric tons in 2025, and reaching 112.0 thousand metric tons by 2028.
The year-on-year percentage variation in rapeseed oil consumption from 2024 to 2028 shows a consistent upward trend albeit at a modest rate:
- 2024 vs 2023: +0.95%
- 2025 vs 2024: +1.89%
- 2026 vs 2025: +0.93%
- 2027 vs 2026: +1.83%
- 2028 vs 2027: +0.90%
Over the longer period from 2024 to 2028, the CAGR stands at approximately +1.61% per year, reflecting a moderate but steady growth in rapeseed oil consumption in Turkey.
Future trends to watch for include potential changes in dietary preferences, shifts in agricultural policies, and market dynamics affecting supply chains. Monitoring these factors could provide insights into whether the current growth trajectory will sustain, accelerate, or decelerate in the coming years.
