The import of animal feed to Turkey has shown a steady increase over the past decade, with actual imports standing at 176.16 million USD in 2023. Over the last two years, the year-on-year variation was 2.69% in 2023 and 2.82% in 2022. The last five years witnessed a Compound Annual Growth Rate (CAGR) of 2.85%.
From 2013 to 2028, Turkey's import of animal feed reflects a consistent upward trend with a projected CAGR of 1.83% over the next five years, leading to a forecasted import value of 197.85 million USD in 2028, representing a total growth rate of 9.51% from 2023 to 2028.
Future Trends to Watch for:
- Impact of global market fluctuations on animal feed prices affecting import volumes.
- Turkey's evolving agricultural policies and their influence on import dependency.
- Technological advancements in animal husbandry potentially changing feed requirements.