In 2023, Turkey's import of nickel alloy bars, rods, and profiles stood at 267.48 thousand kilograms. From 2021 to 2022, there was a modest growth of 1.77%, followed by an increase of 3.59% from 2022 to 2023. Looking at the compounded annual growth rate (CAGR) over the past five years from 2018 to 2023, it averaged at 5.05%, reflecting a steady upward trend despite some fluctuations.
Over the longer period from 2013 to 2023, the trend shows significant variability with periods of both notable growth and decline. The most substantial annual growth occurred in 2017 at 44.86%, while the most significant drop happened in 2018 with a decrease of 16.52%.
Future trends to watch for:
- A forecasted CAGR of 2.61% from 2024 to 2028 suggests continued growth, albeit at a slower rate compared to the previous decade.
- Key external factors, such as global market demand, technological developments, and potential economic or political changes, could influence these projections significantly.
