The import of Aircraft, Spacecraft, and Parts Thereof to Turkey showed significant fluctuations over the past decade. After experiencing notable growth from 2013 to 2016, with the highest value in 2016 at $4.3104 billion, the imports saw a sharp decline in 2017, followed by moderate increases and decreases. As of 2023, the value stood at $2.9445 billion. The last two years showed slight positive year-on-year variations of 6.39% in 2022 and 1.03% in 2023. The last 5-year CAGR was 2.66%.
For the forecasted period from 2024 to 2028, the imports are expected to grow modestly, with a 5-year CAGR of 0.84% and a forecasted growth rate of 4.25%. Although the growth is not as robust as previous periods, it indicates a steady and consistent demand for these imports in Turkey.
Future trends to watch for:
- Technological advancements in aircraft and spacecraft manufacturing.
- Turkey's defense and aerospace industry policies and investments.
- Global supply chain dynamics and geopolitical factors.
- Environmental regulations and their impact on the aviation sector.
