The oilseeds seed market in Turkey has experienced moderate fluctuations from 2014 to 2023, with a noticeable increase from 60.0 Thousand Metric Tons in 2014 to 71.0 Thousand Metric Tons in 2023. Key annual variations include notable growth periods in 2017 (11.67%) and stability phases such as in 2019 and 2021 where the year-on-year growth was 0%. The compound annual growth rate (CAGR) for the last two years stands at 0.87%.
Looking forward to forecasted data from 2024 to 2028, modest growth is expected to continue, with an anticipated increase from 72.0 to 74.0 Thousand Metric Tons and a projected five-year CAGR of 0.55%, indicating a gradual but steady expansion in the sector.
Key future trends to watch for include:
- Technological advancements in seed production and agricultural practices
- Market demand driven by oilseeds’ usage in food and biofuel industries
- Policy changes and government support for the agricultural sector
- Global supply chain dynamics and their potential impact on local production
