The vegetable oils production in Turkey stood at 1.99 million metric tons in 2023. Over the last two years, production exhibited modest growth with year-on-year variations of 0.97% in 2022 and 0.91% in 2023. The average annual growth rate (CAGR) for the past five years was 0.77%. Since 2014, production has fluctuated with significant variations, particularly in 2015 (9.58%) and 2017 (11.48%), but has shown a slower but steady increase in recent years.
Looking forward, the production is forecasted to continue its upward trend, reaching 2.09 million metric tons in 2028, with an estimated five-year CAGR of 0.74%. Future trends to watch for include technological advancements in agricultural practices, shifts in global demand, and policy changes affecting the agricultural sector. Monitoring these elements will be crucial for understanding and anticipating production dynamics.
