Turkey: 2 billion TL contribution to the economy from laurel plant

Published 2022년 9월 23일

Tridge summary

Since 2016, Turkey's General Directorate of Forestry (OGM) has implemented the 'Laurel Action Plan' to revitalize laurel plants across 26,000 decares, significantly boosting the plant's productivity and economic value. The laurel, a key essential oil plant with potential in international trade, contributed 175 million TL to forest villagers and 1.85 billion TL to the national economy in 2021. The economy is projected to benefit further with an anticipated contribution of 190 million TL to forest villagers and 2 billion TL to the country's economy in 2022, based on the expected production of 52,000 tons of laurel. Turkey, being the world's leading supplier, expects a substantial increase in its laurel production, from 3,500 tons in 2003 to 45,200 tons in 2021, with a total of 90,000 tons of usable laurel available annually from 180,000 hectares of forest land. This surge in production is supported by a threefold increase in the number and capacities of processing facilities, with laurel being exported to numerous countries, primarily contributing to the economy through its use in cosmetics, pharmaceuticals, and food industries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Thanks to the works carried out by the General Directorate of Forestry (OGM) since 2016 within the scope of the "Laurel Action Plan", laurel, which has become more productive, has been brought to the country's economy by carrying out rehabilitation activities on an area of 26 thousand decares as of today. One of Turkey's important essential oil plants and with great potential in foreign trade, laurel contributed 175 million TL to forest villagers and 1 billion 850 million TL to the country's economy in 2021. Within the scope of the Laurel Action Plan carried out by OGM, it is aimed to contribute 190 million TL to forest villagers and 2 billion TL to the country's economy from 52 thousand tons of laurel production in 2022. 'EXPORTED TO MANY COUNTRIES' Forest General Manager Bekir Karacabey, stating that as of the end of 2021, 16 thousand 450 tons of laurel leaves were exported in return for approximately 45 million dollars of foreign currency inflow, said, “The laurel, which is ...
Source: Dha

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