Turkey: Retail Foods

Turkey has a young population of 83.6 million people. The country is in a Customs Union with the EU and is the 20th largest economy in the world. The International Monetary Fund (IMF) forecasts Turkey’s annual Gross Domestic Product (GDP) growth at 3.9 percent between 2021 and 2025, with a six percent growth rate in 2021. EU countries are the major suppliers to Turkey in terms of consumer-oriented agricultural products. There was a significant boost to e-commerce in 2020 and in 2021 due to COVID19. There was no scarcity of food or beverages, but there was food inflation due to the pandemic.