The olive oil domestic food consumption in Turkey is forecasted to gradually increase from 196.0 thousand metric tons in 2024 to 203.0 thousand metric tons in 2028. In 2023, the actual consumption stood at 194.0 thousand metric tons, indicating a steady yearly growth. The year-on-year variation from 2023 shows an increase of 1.03% in 2024, 1.02% in 2025, 1.01% in 2026, 1% in 2027, and 0.5% in 2028. The compound annual growth rate (CAGR) for the period 2024-2028 is calculated at approximately 1.09%.

Future trends to watch for include:

The potential impact of economic factors on consumer purchasing power and olive oil consumption.
Changing dietary habits and increasing health awareness that may drive higher consumption.
Fluctuations in domestic production and import levels, which could affect supply and demand dynamics.
Government policies and global market conditions impacting olive oil prices.