The olive oil distribution in Turkey saw significant growth in recent years. In 2023, the distribution volume stood at 390.0 Thousand Metric Tons. From 2024 to 2028, the distribution volumes are forecasted to increase from 415.0 to 499.0 Thousand Metric Tons respectively.
Year-on-year variation observed the following percentage increases: 2024 (6.4%), 2025 (5.8%), 2026 (4.8%), 2027 (4.6%), and 2028 (3.7%). Over the last two years, the distribution volume grew by an average of 4.7%. The compound annual growth rate (CAGR) from 2024 to 2028 is 4.4%.
Future trends to watch for include the impact of climatic changes on olive harvests, advancements in olive oil production technology, shifting consumer preferences towards healthier cooking oils, and potential regulatory changes that may affect both domestic production and import-export dynamics.
