The wheat production value at the farm gate in Turkey has shown significant fluctuations over the past years. From 2013 to 2023, production experienced sharp declines, especially in 2016 and 2018, but has stabilized slightly in recent years. In 2023, the production value stood at 4.58 billion USD. Over the past two years, there has been a modest growth of about 1.1% annually. The Compound Annual Growth Rate (CAGR) over the last five years is 2.93%, indicating slow recovery and stabilization.
Looking ahead, from 2024 to 2028, the forecast shows a gradual upward trend with a forecasted 5-year growth rate of 4.15% and a CAGR of 0.82%. This slow but steady growth will be key in recovering from previous downtrends.
Future trends to watch for include technological advancements in agriculture, changes in government policies, climatic impacts, and potential shifts in global wheat demand and prices. Monitoring these factors will be crucial for accurate future forecasts and strategic planning in the agricultural sector.
