The sunflower oil production in Turkey has shown variability over the past decade, starting at 803.62 thousand metric tons in 2013 and reaching 1107.1 thousand metric tons in 2023. The year-on-year variations suggest considerable fluctuations with significant drops in 2014 and 2016, and notable increases in 2017 and 2021. The Compound Annual Growth Rate (CAGR) for the most recent 5 years leading up to 2023 is 2.26%, while it is forecasted to be around 1.91% for the next five years, resulting in an overall growth rate of 9.93% by 2028.
Future trends to watch include the potential impacts of climatic conditions, government policies affecting agricultural sectors, and trends in global demand for sunflower oil which could influence production dynamics. Furthermore, technological advancements in agriculture could play a significant role in enhancing efficiency and output.
