Agriculture and food sector in Turkey
Home to the headwaters of the Tigris and Euphrates Rivers, Turkey’s agricultural sector today is echoing the prosperity of ancient Mesopotamia. With its favorable geographical conditions and climate, large arable lands, and abundant water supplies, Turkey is considered to be one of the leading countries in the world in the field of agriculture and food.
Turkey has a robust agriculture and food industry that employed almost 20 percent of the country’s working population and that accounted for 5.8 percent of the country’s GDP in 2018. The sector’s financial contribution to the overall GDP was USD 42.5 billion in 2018.
The strengths of the industry include the size of the market in relation to the country’s young population, a dynamic private sector economy, substantial tourism income, and a favorable climate.
Turkey is the world’s 7th largest agricultural producer overall and is the world leader in the production of dried figs, hazelnuts, sultanas/raisins, and dried apricots. The country is also one of the leading honey producers in the world. Turkey boasted production of 22.1 million tons of milk in 2018, making it the leading milk and dairy producer in its region. The country also saw production totals of 34.4 million tons of cereal crops, 30 million tons of vegetables, 22.2 million tons of fruit, 2.1 million tons of poultry, and 1.1 million tons of red meat. In addition, Turkey has an estimated total of 11,000 plant species, whereas the total number of species in Europe is 11,500.
This bountiful production allows Turkey to maintain a significantly positive trade balance thanks to its position as one of the largest exporters of agricultural products in the Eastern Europe, Middle East, and North Africa (EMENA) region. Globally, Turkey exported about 1,800 kinds of agricultural products to more than 190 countries in 2018, accounting for an export volume of USD 17.7 billion.
Turkey has significant investment opportunities in agribusiness subsectors such as fruit and vegetable processing, animal feed, livestock, poultry, dairy, functional food, fisheries, and enablers (in particular cold chain distribution, greenhouses, irrigation, and fertilizer).
Turkey is looking to position itself as the preferred option for being the regional headquarters and supply center of top global players in the agricultural sector. To encourage investment in the sector, Turkey offers a set of incentives for potential agribusiness investors.
For further information, you can visit: https://www.invest.gov.tr/en/sectors/pages/agrofood.aspx
Source: Republic of Turkey Investment Office / link: https://www.invest.gov.tr/en/sectors/pages/agrofood.aspx
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