Forecast: Fertilizer Consumption in Turkiye

In 2023, the fertilizer consumption in Turkiye stood at 145.5 kilograms per hectare of arable land. The forecasted data for the subsequent years shows a steady increase: 149.15 kg in 2024, 152.95 kg in 2025, 156.7 kg in 2026, 160.41 kg in 2027, and 164.07 kg in 2028. This represents year-on-year percentage increases of approximately 2.5% in 2024, 2.55% in 2025, 2.44% in 2026, 2.36% in 2027, and 2.28% in 2028. The compound annual growth rate (CAGR) over these five years is roughly 2.43%.

Future trends to watch for:

- Potential government policies or subsidies affecting agricultural inputs.

- Advances in agricultural technology and practices that may enhance fertilizer efficiency.

- Environmental regulations that could influence fertilizer usage.

- Global market trends and price fluctuations in fertilizer commodities.