The vegetable oil demand in Turkey was 2.63 million metric tons in 2023, with a year-on-year variation of 0% and a CAGR over the past five years of 0.43%. Since 2014, the demand has shown fluctuations with notable increases and decreases. By 2023, the market stabilized, showing no year-on-year change since 2020.
Looking ahead, the demand for vegetable oils in Turkey is forecasted to remain stable at 2.63 million metric tons until 2028. The forecasted five-year CAGR is -0.02%, indicating minimal decline in demand. The overall trend suggests a plateau with steady consumption levels after initial volatility.
Future trends to watch for include any significant policy changes in agriculture and trade, shifts in consumer preferences towards healthier oils, and the impact of economic fluctuations on consumption patterns.
