The oilseeds market in Turkey has experienced a steady increase in volume, with actual data revealing a rise from 561.0 thousand metric tons in 2014 to 653.0 thousand metric tons in 2023, marking a year-on-year growth rate of 0.77% and a 5-year CAGR of 0.72%. While there was notable volatility in the earlier years, including significant jumps in 2015 (9.98%) and decreases in 2017 (-3.77%), the recent years have shown consistent, albeit modest, growth.
Looking ahead, forecasted data suggests a continuation of this trend, with the oilseeds market expected to reach 675.0 thousand metric tons by 2028, reflecting a forecasted 5-year CAGR of 0.51%. This signifies a stable yet gradual expansion in Turkey's oilseeds market volume.
Future trends to watch for include potential impacts of climate change on agricultural output, advancements in agricultural technology improving yield efficiency, and shifts in global oilseed demand influencing the local market dynamics. Monitoring these factors will be crucial for stakeholders in the oilseeds market.
