Analyzing the historical data from 2013 to 2023, we observe a consistent decline in the import value of fruit juices to Turkey, which stood at 12.412 million US Dollars in 2023. The year-on-year variation from 2022 to 2023 indicates a 4.04% decrease, while the compound annual growth rate (CAGR) over the last five years has been -2.91%. This underscores a sustained downward trend in the market.
Forecasting ahead from 2024 to 2028, the import value is expected to decrease further, with a forecasted 5-year CAGR of -3.94%, leading to an 18.22% drop by 2028. This continued decline signifies the need to watch for:
- Changes in domestic production capacities and consumer preferences.
- Potential trade policies that may affect import tariffs and costs.
- New market entrants or emerging competitors locally enhancing their market share.
Monitoring these future trends will be crucial in understanding the evolving landscape of Turkey’s fruit juice import market.
