The import of aircraft parts to Turkey has shown significant growth from 2013 to 2023, rising from $297.18 million to $517.34 million, reflecting a positive trend overall despite some fluctuations. Initially, the import values experienced considerable year-on-year volatility, including notable declines such as in 2013 (-31.74%) and 2014 (-28.19%). However, recent years have shown more stability with moderate growth rates, and the 2023 figure stood at $517.34 million, marking a 3.42% increase from the previous year.
From 2019 to 2023, the compound annual growth rate (CAGR) was 2.62%, indicative of steady growth. The forecast for 2024 to 2028 projects a continued increase in imports, with an expected CAGR of 2.52%, reaching $605.27 million by 2028.
Future trends to watch for include the impact of geopolitical stability in the region, advancements in Turkey's domestic aerospace industry, changes in global supply chain dynamics, and potential shifts in trade policies that could affect import levels.
