Forecast: Oilseeds Processing in Turkey

The oilseeds processing industry in Turkey saw a rise from 5.59 million metric tons in 2014 to 6.93 million metric tons in 2023, indicating steady growth. Key year-on-year fluctuations include significant rises in 2015 (13.47%) and 2017 (13.27%), a sharp decline in 2016 (-8.99%), and modest but consistent growth from 2018 to 2023. The CAGR for the last five years leading up to 2023 was 0.99%, reflecting overall steady market expansion.

Future trends to watch:

  • Projected growth suggests reaching 7.28 million metric tons by 2028.
  • The 5-year CAGR forecast is 0.78%, with a total forecasted growth rate of 3.96% over that period.
  • Market stabilization with minor annual growths will likely dominate, influenced by global trade conditions and domestic agricultural policies.

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