In 2023, the domestic consumption of coconut oil in Turkey was recorded at 21.0 thousand metric tons. The forecast data for 2024 to 2028 indicates a stable consumption pattern, with 22.0 thousand metric tons forecasted for 2024, 2025, and 2026, increasing slightly to 23.0 thousand metric tons in 2027 and 2028.
- Year-on-year variation from 2023 to 2024 is approximately 4.8% increase.
- For 2025 to 2026, the consumption remains unchanged at 22.0 thousand metric tons.
- A 4.5% increase is seen from 2026 to 2027.
- The consumption remains stable between 2027 and 2028 at 23.0 thousand metric tons.
- The CAGR over the five years from 2024 to 2028 is approximately 1.8%.
Future trends to watch for include potential shifts in consumer preferences towards healthier cooking oils, regulatory changes affecting imports and domestic production, and economic conditions influencing consumer buying power. Additionally, any significant changes in global coconut oil supply chains could impact domestic consumption patterns in Turkey.
