Based on the provided forecast data, the domestic consumption of olive oil in Turkey is expected to increase steadily from 2024 to 2028, moving from 196.0 thousand metric tons in 2024 to 203.0 thousand metric tons in 2028. This represents an average growth rate (CAGR) over the five-year period of approximately 0.88% per year.
Reflecting on the trend, the year-on-year consumption growth is modest, with increases of 1.02% from 2024 to 2025, 0.51% from 2025 to 2026, 1.01% from 2026 to 2027, and 1.00% from 2027 to 2028. This gradual rise suggests a stable but slow increase in domestic demand for olive oil in Turkey.
Future trends to watch for would include potential economic shifts, consumer preference changes towards healthier diets, and olive oil production fluctuations due to environmental conditions. These factors could influence both the supply and demand dynamics and consequently affect domestic consumption rates.
