The nuts demand in Turkey stood at 675.0 thousand metric tons in 2023. The forecasted values from 2024 to 2028 show a steady year-on-year increase in demand: 690.0, 701.0, 712.0, 724.0, and 734.0 thousand metric tons respectively. This represents an average annual growth rate (CAGR) of approximately 2.1% over the five-year period.
Key observations:
- Year-on-year growth from 2023 to 2024: 2.2%
- Year-on-year growth from 2024 to 2025: 1.6%
- Year-on-year growth from 2025 to 2026: 1.6%
- Year-on-year growth from 2026 to 2027: 1.7%
- Year-on-year growth from 2027 to 2028: 1.4%
Future trends to watch for:
- Increasing health consciousness among consumers driving demand for nuts as a healthy snack option.
- Potential impact of climate change on nut production and supply chain disruptions.
- Evolution of export markets and their influence on domestic availability and prices.
- Technological advancements in agriculture improving yield and quality of nuts.
- Shifts in consumer preferences and income levels affecting overall consumption patterns.
