The wheat processing industry in Turkey has shown moderate growth over the past decade, with an increase from 15.0 thousand metric tons in 2014 to 20.0 thousand metric tons in 2023. This represents a compound annual growth rate (CAGR) of 2.13% over the last five years. Notably, there were significant fluctuations, such as a 25% increase in 2017 and a 10% decline in 2018. From 2019 to 2022, the values remained stable at 19.0 thousand metric tons, but saw a 5.26% increase in 2023.
Looking ahead, the forecast indicates a moderate CAGR of 0.98% over the next five years, with a total projected growth rate of 5%, reaching 21.0 thousand metric tons in 2028.
Future trends to watch for:
- Technological advancements in wheat processing.
- Government policies impacting agricultural production.
- Global market dynamics influencing export and import behaviors.
- Consumer demand shifts towards organic or specialty wheat products.
- Impact of climate change on wheat yield and quality.
