Based on the forecast data for Turkey's import of iron and steel, the value is set to increase from 17.369 billion USD in 2024 to 18.25 billion USD in 2028. The value in 2023 stood at 17.142 billion USD. The year-on-year variation percentages for the forecasted years are as follows: for 2024 it is 1.3%, for 2025 it is 1.3%, for 2026 it is 1.3%, for 2027 it is 1.2%, and for 2028 it is 1.2%. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated to be roughly 1.3%, indicating steady growth in the import values.
Future trends to watch for include potential impacts from geopolitical tensions, changes in global steel production capacities, technological advancements in steel recycling, and Turkey's domestic production capabilities. Additionally, shifts in global trade policies and tariffs could also influence import values significantly.