Between 2013 and 2023, the export value of baked bread, pastry, and wafers from Turkey showed a consistent growth trend, increasing from $877.56 million to $1183.6 million. The annual year-on-year variation ranged from a high of 18.71% in 2013 to a more modest increase of 3.12% in 2023. Over the last two years, the growth rates have been quite steady, with 3.29% in 2022 and 3.12% in 2023. The compound annual growth rate (CAGR) over the past five years stands at 3.38%.
Forecasts predict that from 2024 to 2028, the export value will continue its upward trajectory, reaching $1352.2 million by 2028, with an expected 5-year CAGR of 2.1% and a forecast 5-year growth rate of 10.96%.
Future trends to watch for include potential market expansions and increased demand in emerging markets, changes in global trade policies, growing health consciousness among consumers driving demand for healthier baked goods, and advances in bakery technology improving production efficiencies.
