In 2023, the import value of taps, cocks, valves for pipes, tanks, and boilers to Turkey stood at 1.2275 billion USD. The year-on-year variation from 2022 to 2023 was an increase of 2.23%. Over the past two years (2021–2023), we observed a significant positive trend, with an average annual growth rate (CAGR) of 3.53%.
Considering a broader period, the import value exhibited fluctuating trends with occasional declines between 2013 and 2020 but rebounded strongly from 2021 onwards. The five-year CAGR leading up to 2023 was 3.53%. Looking forward, from 2024 to 2028, the forecast suggests an average annual growth rate (CAGR) of 1.7%, culminating in an overall growth rate of 8.77% by 2028.
Future trends to watch include potential impacts of global economic conditions, trade policies, and technological advancements in valve manufacturing. These factors could significantly influence import volumes and values in the coming years.
