Forecast: Beer Production in Turkey

From 2014 to 2023, beer production in Turkey demonstrated a fluctuating trend, starting at 1010.0 thousand metric tons in 2014 and decreasing to 927.0 thousand metric tons in 2023. Significant year-on-year variations include a notable decline of 17.35% in 2020 and a robust recovery of 19.97% in 2021.

- The year 2023 saw a slight dip of 0.43% from the previous year.- The 5-year CAGR as of 2023 was -0.8%, indicating an average annual decline over this period.- Forecast data suggest a continued gradual decline with a forecasted 5-year CAGR of -0.35% up to 2028.

Future trends to watch for include potential impacts from economic fluctuations, regulatory changes, consumer preferences toward alternative beverages, and potential growth opportunities in export markets.

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