As of 2024, Turkey's vegetable oil export volume has been steadily decreasing, with a YoY variation of -0.91%. The last two years show a consistent decline with 2022 at 658 thousand metric tons and 2023 at 652 thousand metric tons. Over the last five years, the CAGR is -0.42%. The projected 5-year CAGR is -0.72%, signifying a continued decrease, leading to a forecasted export volume of 623 thousand metric tons by 2028.
Future trends to watch include potential shifts in global demand and supply, changes in domestic agriculture policies, and advancements in vegetable oil extraction technology which could impact export volumes.
