Forecast: Textiles Exports to Indonesia by Turkey

Turkey's textiles exports to Indonesia have shown consistent year-on-year growth, with 2024 forecasted at 38.335 million US dollars, reflecting a solid basis for expansion from the actual figures in 2023 at 37.240 million US dollars. Expected growth continues with projections indicating exports will reach 42.659 million US dollars by 2028. Over the two-year span from 2024 to 2025, the anticipated growth is approximately 2.9%, followed by a 2.8% increase in 2026, 2.6% in 2027, and 2.5% in 2028. Over a five-year period from 2023 to 2028, the compound annual growth rate (CAGR) is expected to average around 2.8%.

Given this trend, future factors to watch include changes in trade policies between Turkey and Indonesia, fluctuations in the global textiles market, and potential advancements in textile technology that could influence production efficiency and demand.