The Raw Sugar Equivalent Demand in Turkey has shown a steady increase from 2014 to 2023. In 2023, the demand stood at 2.58 million metric tons, reflecting a consistent year-on-year variation of approximately 0.55%. Over the last two years, the year-on-year variation has been stable at 0.55%. The compound annual growth rate (CAGR) over the last five years has averaged 0.46%, indicating modest growth in raw sugar demand.
Forecasted data from 2024 to 2028 suggests a continued but slower growth rate. The projections indicate a 5-year CAGR of 0.39% and an overall forecasted growth rate of 1.97% by 2028. The raw sugar equivalent demand is anticipated to reach 2.64 million metric tons by 2028.
Future trends to watch for include increasing health consciousness among consumers potentially reducing sugar consumption, potential regulatory changes impacting sugar imports and production, and shifts in the global sugar market affecting prices and demand.
