Between 2013 and 2023, Turkey's import of machinery for paper pulp, paper, paperboard making experienced fluctuations. The highest import value was in 2014, followed by a general decline until 2017. Post-2017 saw a recovery with minor fluctuation leading to relatively stable values around 2022 and 2023. In 2023, the value stood at 134.76 million US Dollars, marking a slight increase of 0.92% from the previous year. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was approximately 0.19%.
From 2024 onwards, the forecast indicates steady growth with an average increase of 0.73% CAGR over the next five years, reaching a projected value of 141.15 million USD by 2028. The overall 5-year growth rate forecast is 3.71%, indicating a trend of moderate but consistent growth.
Future trends to watch for include advancements in paper machinery technology, changes in global supply chain dynamics, and shifts in Turkey's industrial policies and economic conditions which could impact import volumes and values. Environmental sustainability and digital transformation in manufacturing processes could also play crucial roles.
