The import volume of sweeteners in Turkey has shown significant fluctuations over the years. In 2023, the volume stood at 373.0 thousand metric tons. The year-on-year variation in 2023 was 4.19%, with a 5-year CAGR of 2.82%. Between 2014 and 2023, the import volume reached its highest year-on-year growth in 2015 at 414.58%, followed by a steady increase until 2020. From 2021 onwards, a consistent growth pattern has emerged, averaging an annual increase of approximately 4-5%.
The forecasted data suggests moderate growth, with the import volume expected to reach 447.0 thousand metric tons by 2028. The future trends indicate a 5-year CAGR of 2.82% and an overall 5-year growth rate of 14.91% from 2024 onwards.
Future trends to watch for:
- Changes in global sweetener prices, which could impact import volumes.
- Turkish government policies on sugar and sweetener imports.
- Shifts in consumer preferences towards alternative sweeteners or natural sweeteners.
- Potential economic or logistic disruptions affecting supply chains.
