The forecast for palm oil domestic consumption in Turkey indicates a steady increase over the coming years. From an actual value of 687.0 thousand metric tons in 2023, consumption is expected to rise to 697.0 thousand metric tons in 2024, with subsequent yearly growth, reaching 742.0 thousand metric tons by 2028. The year-on-year variation percentage averages approximately 1.6% from 2024 to 2028. Over the last two years, the increase has been around 1.6% each year as well. The Compound Annual Growth Rate (CAGR) for the 5-year forecast period is around 1.6%.
Future trends to watch for include changes in consumer preferences towards more sustainable and eco-friendly oils, potential government interventions or policy changes related to palm oil imports, and broader economic factors that could impact food production and consumption patterns in Turkey.
