The vegetable market size in Turkey, expressed in volume, stood at 19.64 million metric tons in 2023. Historically, the market has shown moderate growth, with year-on-year variations indicating fluctuations such as a high growth rate of 5.33% in 2015 and a slight decline of -2.86% in 2018, stabilizing to a modest growth rate of 0.49% in 2023. The recent Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) was 0.7%.
- 2014: 17.74 million metric tons, YoY Variation: 0.49%, CAGR: 0.7%
- 2015: YoY Variation: 5.33%
- 2016: YoY Variation: 3.18%
- 2017: YoY Variation: 1.27%
- 2018: YoY Variation: -2.86%
- 2019: YoY Variation: 1.49%, CAGR: 1.65%
- 2020: YoY Variation: 0.52%, CAGR: 0.7%
- 2021: YoY Variation: 0.51%, CAGR: 0.17%
- 2022: YoY Variation: 0.5%, CAGR: 0.022%
- 2023: YoY Variation: 0.49%, CAGR: 0.7%
Future growth appears steady with forecasted growth from 2024 to 2028, showing a forecasted 5-year CAGR of 0.36% and an overall growth rate of 1.8%, reaching 20.09 million metric tons by 2028.
Future trends to watch for include the impact of climate change on crop yields, advancements in agricultural technologies, changes in domestic consumption patterns, and potential shifts in trade policies affecting the market dynamics.
