Why does Turkish Olive Pomace Oil Have a Great Demand?

IZMIR, Turkey - Dec. 14, 2021 - PRLog -- Edible oils have been produced and consumed for so long time. In the year of 1842, the first systematic oil refining process was patented.

Turkey, on the other hand, has met with oil refining technology not later than its global position in the late 1960s. Since then, Turkey is one of the leading oil refining center.

The biggest manufacturer of olive oil https://artemoliva.com/olive-oil-manufacturer/ in Turkey has stated that the operations of refining and the actual use of refined pomace oil has started in the early 1970s in Turkey.

The major source of high demand for Turkish olive pomace oil is its economics and quality. The first advantage is economic feasibility and the second one is the quality of the product that is expected to meet the domestic demand of the consumers living in the destination country.

We see that between 2014/2020, there has been an average 6% increase in the olive pomace oil quantities that are exported by Turkey.

The increasing quantity in exports is a great sign of the economic advantage of Turkey in the international olive pomace oil market. For an olive pomace oil exporter https://artemoliva.com/olive-oil-exporter/, this is a very promising market.

On the pricing side, there is a two-way advantage in favor that Turkey is offering more and more competitive prices in olive pomace oil products.

The prices of the products that are supplied by the EU are not getting lower and lower each year same as in Turkey. Contrary, their prices are increasing due to the global increase in labor/energy and raw material prices.

The quality side of the equation has also a considerable weight. With the continuous development of technology and efficient production methods, quantities and qualities are increasing.

Considering this environment, it is highly noticeable that in the short run, Turkey is expected to be the leader and strengthen its position further in the olive pomace oil field. From a competition point of view, as long as the current market dynamics stay within similar levels, Turkey is expected to be the winner.

A wholesale olive oil suppliers https://artemoliva.com/olive-oil-manufacturer/ in Turkey has projected that within the next 5 years, Turkey would be holding 32% of the olive pomace oil market share.

As a result, it is no doubt that Turkey is one of the largest olive pomace oil suppliers in the international markets, and with the increasing demand trends overall in the world for the olive pomace oil is expected to boost the export quantities of Turkey with a faster pace than the overall increase in the demands of the world.