In 2023, Türkiye’s olive production for olive oil stood at 1.39 million metric tons, marking a significant year-on-year decrease of 31.99%. Despite this decline, the country experienced a strong average annual growth rate, or CAGR, of 5.25% over the past five years.
Analyzing prior years, notable fluctuations include a sharp decline in 2018 and a record increase of 72.27% in 2022. Such variability underscores a volatile market.
Looking ahead, the forecasted data suggests a stabilized growth trend with a moderate average annual increase of 1.18% over the next five years. Future trends to watch include the impact of climate change on yield and potential advancements in agricultural technology. Additionally, global market demand and domestic policy changes will be critical determinants of production stability and growth.
