The wheat market size volume in Turkey has experienced a steady increase from 13.08 million metric tons in 2014 to 14.38 million metric tons in 2023, representing a year-on-year growth of 0.5% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years has been 0.47%. During this period, yearly growth rates varied, peaking at 3.39% in 2015 and slowing down to 0.25% in 2017.
The forecasted data suggests a continued gradual increase, with the market expected to reach 14.72 million metric tons by 2028, indicating a forecasted 5-year CAGR of 0.36% and an overall growth rate of 1.83% over the forecast period.
Future trends to watch for include the impact of climate change on wheat yield, changes in domestic consumption patterns, and the influence of global wheat prices on Turkey’s market dynamics. Additionally, advancements in agricultural technology and practices might contribute to improved productivity and market stability.
