The import of plastic fittings for furniture and coachwork to Turkey has shown a steady growth trend over the years. In 2023, the volume stood at 4.5703 million kilograms. Notably, from 2013 to 2023, the market experienced fluctuations but generally indicated an upward trajectory, with significant year-on-year variations and occasional declines.
Key observations:
• The year-on-year variation in 2023 was 2.62%, suggesting modest growth compared to the previous year.
• Over the last two years (2022-2023), the average year-on-year variation was around 5.39%, reflecting a stable growth environment.
• Over the past five years, the compound annual growth rate (CAGR) stood at 3.51%, highlighting a consistent increase in import volumes.
The forecast data from 2024 to 2028 predicts a further increase in imports, with a forecasted five-year CAGR of 1.99% and an overall forecasted growth rate of 10.34%. This suggests a promising outlook for the market, though at a slightly slower growth rate compared to previous years.
Future trends to watch for include changes in global plastic production and trade policies, technological advancements in plastic fitting manufacturing, and evolving consumer preferences in Turkey's furniture and coachwork sectors. Monitoring these factors could provide deeper insights into the market's direction.
