The palm oil export volume in Turkey has shown steady growth, increasing from 1.0 thousand metric tons in 2014 to 4.0 thousand metric tons in 2023. The export volume remained stable between 2014 and 2015, but doubled in 2016, indicating a significant year-on-year increase. From 2017 to 2021, the volume stabilized at 3.0 thousand metric tons, followed by another increase in 2022 to 4.0 thousand metric tons, maintaining this level through 2023. A notable year-on-year variation occurred in 2022 with a 33.33% increase, demonstrating a positive trend.
Over the last five years, the Compound Annual Growth Rate (CAGR) has averaged at 5.92%. For the forecast period from 2024 to 2028, the projected CAGR is 4.56%, with an overall growth rate of 25% expected over these five years. The forecast suggests consistent growth, reaching 5.0 thousand metric tons by 2026 and maintaining this level through 2028.
Future trends to watch for include potential fluctuations in global palm oil demand, changes in trade policies, and economic factors influencing export volumes. Environmental sustainability and production efficiency will also be crucial factors affecting palm oil exports in the coming years.
