Based on the import data from 2013 to 2023, Turkey's non-refractory mortars and concretes imports showed fluctuating trends with significant peaks and valleys. Import volumes peaked in 2016 and then again in 2022, while 2015, 2017, 2018, and 2020 saw noticeable declines. The data for 2023 stands at 4.8658 million kilograms, representing a moderate year-on-year increase of 1.49%. Over the last five years (2018-2023), the compound annual growth rate (CAGR) is calculated at 2.79%, reflecting a generally rising trend despite some down years.
Looking ahead, forecasted data from 2024 to 2028 suggests a steady increase, culminating in an anticipated import volume of 5.2257 million kilograms by 2028. The forecasted 5-year CAGR is 1.18%, indicating a moderate but consistent growth trajectory.
Future trends to watch for include:
- The impact of Turkey's economic policies on construction and infrastructure development.
- Potential shifts in global supply chains and their effects on import volumes and pricing.
- Technological advancements in construction materials which may alter import demands.
