The forecasted import value of cocoa paste to Turkey indicates consistent growth from 2024 to 2028. Starting at 89.624 million USD in 2024, the import value progresses steadily year on year, reaching 101.17 million USD by 2028. This represents a positive trend with an increasing annual demand. From 2024 to 2028, the year-on-year growth percentages are approximately 3.32% (2024 to 2025), 3.18% (2025 to 2026), 2.99% (2026 to 2027), and 2.84% (2027 to 2028).
Compared to the previous years, where the value stood at 86.84 million USD in 2023, a clear upward growth trend is notable. Over a period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 3.25%, indicating a robust and sustainable increase in imports of cocoa paste.
Future trends to watch for include potential impacts of global trade policies, fluctuations in cocoa prices due to climate change and supply chain disruptions, and changes in domestic demand influenced by Turkey’s economic performance and consumer preferences toward cocoa-based products.
