The import of prepared or preserved citrus fruits to Turkey has observed significant fluctuations over recent years. In 2023, the value stood at $2,724.6 thousand. From 2013 to 2023, the trends reveal volatility with a notable spike in 2016, attributed possibly to regional demands or trade policies, followed by stabilization in later years. The year-on-year growth indicated high variances, especially with a substantial increase of 451.27% in 2016 and a significant decline in 2017, post-which growth steadied, averaging a marginal rise in the later years. The latest CAGR for the past five years (2018-2023) is calculated at 4.79%, indicating moderate growth.
Future trends to watch for include:
- Stable growth forecasted from 2024 to 2028 with a 5-year CAGR of 3.48% and an estimated growth rate of 18.63% over these years.
- Potential impacts of global trade dynamics, currency fluctuations, and changes in consumer preferences for imported citrus products.
- Influence of agricultural policies and global production factors on import volumes and values.
