As of 2023, the domestic consumption of palm kernel oil in Turkey stood at 73.5 thousand metric tons. The forecast data for 2024 shows a consumption of 72 thousand metric tons, remaining steady through 2025. A slight decline is projected from 2026 onward, with values decreasing to 71 thousand metric tons through 2027 and further dropping to 70 thousand metric tons in 2028.
Year-on-year variation in percentage indicates a small but steady decline starting from 2026. The average variation per year over the last five years, as captured by the CAGR, suggests a gradual but consistent reduction in consumption levels.
Future trends to watch for include:
- Potential shifts towards more sustainable and alternative oils due to environmental concerns.
- Changing consumer preferences and regulatory changes affecting domestic usage patterns.
- Imports and local production fluctuations impacting availability and pricing.
