The import of cocoa beans to Turkey has been steadily increasing from 82.188 million kilograms in 2013 to 112.69 million kilograms in 2023, indicating a consistent and growing demand. The year-on-year variation for 2023 shows a 2.37% increase from the previous year. The compound annual growth rate (CAGR) over the last five years is 2.92%, showing a slower but stable growth trend. From 2024 onwards, the forecasted data suggest a further increase, with imports expected to reach 124.95 million kilograms by 2028. The forecasted CAGR from 2023 to 2028 is 1.63%, indicating a more moderated growth pace.
Future trends to watch for include potential shifts in global cocoa production affecting supply, fluctuations in international market prices, and changes in Turkish consumer demand and preferences for cocoa-based products. Sustainable sourcing and ethical trade practices may also play a crucial role in impacting future import volumes.
