Based on the forecasted data for palm oil imports in Turkey, the import volumes are expected to grow from 888.0 thousand metric tons in 2024 to 965.0 thousand metric tons by 2028. The actual import volume in 2023 stood at 868.0 thousand metric tons. The year-on-year growth rate from 2024 to 2025 is 2.25%, from 2025 to 2026 is 2.09%, from 2026 to 2027 is 2.05%, and from 2027 to 2028 is 2.01%. The compound annual growth rate (CAGR) over this five-year period averages approximately 2.10%.
Future trends to watch for in the Turkish palm oil import market include potential fluctuations in global palm oil prices, changes in domestic demand driven by the food and cosmetics industries, and any regulatory shifts regarding palm oil importation practices. Additionally, sustainability and environmental concerns may also influence future import patterns.
