Based on historical data, cottonseed oil demand in Turkey has exhibited fluctuations. Starting from 180.0 Thousand Metric Tons in 2014, demand reached 214.0 Thousand Metric Tons by 2023. Year-on-year variations show a mix of growth and decline, notably a significant growth of 21.59% in 2018 and a subsequent stabilization with minor increases between 2020 and 2023. The 5-year CAGR leading up to 2023 was minimal, indicating steady yet slow demand growth.
Future trends to watch for in the cottonseed oil demand in Turkey include:
- A forecasted average annual growth rate (CAGR) of 0.73% over the next five years.
- An overall growth rate of 3.7% from 2024 to 2028.
The market is likely to see gradual increases in demand, driven by potential changes in dietary preferences, economic conditions, and industrial uses of cottonseed oil.
