The forecasted supply of palm oil in Turkey indicates a consistent upward trend from 2024 to 2028. In 2023, the actual supply stood at 1.00 million metric tons. The year-on-year variations demonstrate slight increases: 2024 to 2025 by 2.94%, 2025 to 2026 by 1.90%, 2026 to 2027 by 1.87%, and 2027 to 2028 by 1.83%. The compound annual growth rate (CAGR) of palm oil supply over the next five years is approximately 1.92%.
Future trends to watch for include potential impacts of environmental regulations on palm oil production, shifts in consumer preferences towards sustainable products, and economic factors influencing import costs and domestic demand in Turkey. Monitoring these elements will be crucial for anticipating further supply changes.
- 2024: 1.02 million metric tons
- 2025: 1.05 million metric tons
- 2026: 1.07 million metric tons
- 2027: 1.09 million metric tons
- 2028: 1.11 million metric tons