The forecast for milled rice imports in Turkey indicates a steady growth from 504 thousand metric tons in 2024 to 530 thousand metric tons in 2028. In 2023, the actual import value stood at 497 thousand metric tons. Year-on-year variations show a consistent increase of 1.2% from 2024 to 2025, 1.4% from 2025 to 2026, 1.2% from 2026 to 2027, and 1.3% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period is approximately 1.3%.
Future trends to watch for:
- Impact of domestic rice production levels on import demand.
- Changes in consumer preferences and dietary trends affecting rice consumption.
- Fluctuations in global rice prices and trade policies influencing import volumes.
- Economic factors such as currency fluctuations and overall economic growth in Turkey.