The import of optical fibres and cables to Turkey has shown a fluctuating yet overall increasing trend from 2013 to 2023. As of 2023, the import value stood at 42.329 Million US Dollars. Key highlights include a significant increase of 65.68% in 2016 and a notable rise of 28.34% in 2021. Conversely, there were downturns, such as an 18.21% decrease in 2015 and a 13.06% decline in 2020. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) was 3.68%. The forecast indicates a continued growth trend, with a projected CAGR of 2.82% from 2024 to 2028, leading to an import value of 50.711 Million US Dollars by 2028.
Future trends to watch for:
- Technological advancements in high-speed data transmission will likely drive up demand further.
- Turkey’s infrastructure development plans may increase the necessity for optical fibres and cables.
- Global supply chain variations and raw material costs could impact import values.
