Import of warp knit fabric of manmade fibres to Turkey showed variations from 2013 to 2023, first marked by significant volatility with dramatic increases in 2016 and 2017 and downturns in 2014, 2018, and 2020. For the last two years, the imports grew modestly: 4.42% in 2022 and 4.15% in 2023, standing at 151.34 Million US Dollars in 2023. The compound annual growth rate (CAGR) over the last five years stood at 6.19%.
Future trends feature a more moderated growth with a forecasted CAGR of 2.97% through 2028, indicating stabilization. The growth rate over five years is estimated at 15.74%, reflecting steady increases.
Key trends to watch:
- Moderate growth in imports, with expected stabilization.
- Potential impact of economic conditions and trade policies on import dynamics.
- Technological advancements in fabric manufacturing and export strategies of key countries.
