The production of distilled alcoholic beverages in Turkey, expressed in Thousand Metric Tons, stood at 102.0 in 2023. Analyzing the data from 2014 to 2023 reveals a fluctuating trend, with significant drops between 2014 and 2017, followed by a recovery in 2018 and another decline towards 2020. From 2021 onwards, the figures stabilized around 103.0 and 102.0, with minor declines.
Key variations:
- 2015: Year-on-year variation -22.5%
- 2016: Year-on-year variation -2.15%
- 2017: Year-on-year variation -13.19%
- 2018: Year-on-year variation 46.84%
- 2019: Year-on-year variation -10.34%
- 2020: Year-on-year variation -17%
- 2021: Year-on-year variation 19.32%
- 2022: Year-on-year variation 0%
- 2023: Year-on-year variation -0.97%
The 5-year Compound Annual Growth Rate (CAGR) showed a decline of -2.54% between 2019 and 2023. Forecasts from 2024 to 2028 suggest a gradual decline, with a 5-year forecasted CAGR of -0.45% and an overall growth rate of -2.23% over this period.
Future trends to watch for include potential impacts of economic policies, changing consumer preferences, regulatory adjustments, and global market dynamics on domestic production. Innovations in production techniques and shifts in demand for different types of distilled beverages could also reshape the landscape.
