Between 2013 and 2023, Turkey's sugar consumption at the farm gate demonstrated an overall growth trend with some fluctuations. The consumption in 2023 stood at 2.73 million metric tons. Notably, there were significant increases in 2017 and 2020, with year-on-year variations of 9.81% and 7.86%, respectively. However, 2019 saw a slight decline of 1.89%. The Compound Annual Growth Rate (CAGR) over the five years ending in 2023 was 1.42%. Additionally, in recent years, the year-on-year variation has been relatively stable, with minor increases of around 1%.
Looking forward, the forecast data suggests a continued but modest growth trend in sugar consumption in Turkey. The forecasted CAGR from 2024 to 2028 is approximately 0.79%, with an overall growth rate of 4% over the five years. This indicates a steady demand for sugar at the farm gate level with a slight upward trajectory.
Future trends to watch for include potential impacts of dietary shifts towards healthier options, governmental agricultural policies, and changes in domestic sugar production capabilities. Monitoring these factors will be crucial for anticipating further consumption patterns.
