Turkey's export of fruit juices has shown varied growth over the years. Starting at 193.61 million USD in 2013, the value increased albeit with fluctuations, reaching 310.82 million USD in 2023. Significant jumps were observed in certain years, such as a 29.44% increase in 2018. The past two years saw an upward trend with a 3.42% rise in 2022 and a 3.24% increase in 2023. The compound annual growth rate (CAGR) for the last five years up to 2023 was 2.15%.
Future projections are optimistic, with forecasts pointing to a continued rise reaching 361.73 million USD in 2028, representing a 2.38% CAGR over the next five years and a total forecasted growth of 12.51% from 2024 to 2028.
Trends to watch for include:
- Market diversification into new geographical regions.
- Changes in global health trends and demand for natural fruit-based products.
- Potential impacts of international trade agreements and tariffs.
- Sustainability practices within the industry influencing export values.
