The sunflower seed oil market size in Turkey has demonstrated steady growth from 342,000 metric tons in 2014 to 429,000 metric tons in 2023. Notable growth occurred between 2014 and 2016, with a peak increase of 14.91% year-on-year in 2015. The market showed slight fluctuations thereafter, including a small decline in 2018 but a general upward trend with modest year-on-year increases between 2019 to 2023.
The CAGR for the past five years (2019-2023) was 1.31%, indicating a stable increase. Forecasted data suggests continued growth, albeit at a slower annual average rate of 0.77% through 2028, predicting a total growth of 3.93% over the next five years.
Future trends to watch for include potential impacts of agricultural policies, climate change, and advances in sunflower cultivation techniques, which could affect production volumes and market dynamics. Additionally, shifts in domestic and international demand for sunflowerseed oil, driven by health trends and food industry requirements, will play a crucial role.
