The coconut oil import volume in Turkey has shown considerable fluctuations from 2014 through 2023. In 2023, the volume stood steady at 10,000 metric tons, a notable stabilization after consecutive declines starting from 2018. The most significant year-on-year variation occurred in 2018, with a dramatic -47.37% decrease followed by modest fluctuations, marking a volatile trend. Noteworthy, the compound annual growth rate (CAGR) over the last five years leading into 2023 was -4.9%, indicating a consistent downward trend.
Key trends to watch for in the future include potential shifts in consumer demand for coconut oil driven by changing dietary trends, trade policies, and the broader global supply chain dynamics. Sustainability considerations and local production capabilities may also impact future import volumes.