The cheese production in Turkey has seen various fluctuations over the past decade. As of 2023, the production is recorded at 263.88 thousand metric tons. Between 2021 and 2023, the year-on-year growth has varied, with a notable 7.58% increase in 2021, stabilizing around 2% in subsequent years. The Compound Annual Growth Rate (CAGR) over the past 5 years stands at 2.21%, reflecting a moderate but steady rise in production.
Future trends to watch for include:
• The forecasted CAGR for the next five years is 1.56%, indicating a slightly slower growth rate compared to the past.
• By 2028, the cheese production is expected to reach 291.3 thousand metric tons, representing an increase of 8.03% from 2023.
• Market dynamics and potential changes in consumer preferences or export policies could further influence production volumes.
It is important to monitor both domestic consumption trends and global market conditions to better understand the potential future trajectory of Turkey's cheese production industry.
