The actual volume of soybeans feed in Turkey stood at 1.08 million metric tons in 2023. Over the past decade, the volume showed fluctuations, with significant decreases in 2015 and 2016 followed by growth in 2017 and 2018. From 2019 onwards, the trend showed a general decline, though relatively stable with minor decreases. The year-on-year variation for 2023 was -0.82%, indicating a slight decrease. The Compound Annual Growth Rate (CAGR) over the last five years was -1.64%. Forecasts predict a modest decline with the volume reaching 1.04 million metric tons by 2028, reflecting a forecasted 5-year CAGR of -0.68%.
Future trends to watch for include changes in agricultural policies, global soybean market dynamics, and domestic demand shifts in livestock production, which will impact the volume of soybean feed used in Turkey. Additionally, technological advancements in animal nutrition and feed efficiency could influence future volumes.
