Turkey's Non-Specialized Wholesale Trade Sector has shown a consistent upward trend in production, with values rising from 1.44 billion New Turkish Liras (NTL) in 2013 to 8.63 billion NTL in 2023. The sector's annual growth rate has varied significantly, with high spikes in certain years, such as a 46% increase in 2017 and a 42.66% increase in 2018. This growth momentum reduced slightly but remained robust, with the most recent year-on-year growth recorded at 11.37% in 2023. The Compound Annual Growth Rate (CAGR) for the last 5 years stands at a solid 13.96%.
Future forecasts suggest that the production value will continue to grow, reaching 12.61 billion NTL by 2028. This implies a forecasted 5-year CAGR of 5.86% and an overall growth of 32.95% from 2024 to 2028. Expect a moderate, steady increase, with an emphasis on technological integration and market diversification to drive growth.
