Forecast: Textiles Exports to Thailand by Turkey

In 2023, Turkey's textile exports to Thailand stood at 7.8 million USD. Forecasted data for the years 2024 through 2028 show a declining trend in export values. Specifically, exports are projected to decrease from 7.63 million USD in 2024 to 7.03 million USD in 2028. This represents a year-on-year decline of approximately -2% from 2024 to 2025, and similar percentage declines in the subsequent years. The Compound Annual Growth Rate (CAGR) over the forecasted period is -1.6%.

Variations: - 2024: Forecasted at 7.63 million USD, a decline from the previous year's 7.8 million USD.- 2025: Expected to drop further to 7.47 million USD, indicating a year-on-year decline of approximately -2%.- 2026: Predicted to fall to 7.32 million USD, maintaining a consistent year-on-year negative trend.- 2027: Continues to decrease to 7.17 million USD, with a sustained downward trajectory.- 2028: Further reduction to 7.03 million USD, with year-on-year declines persisting throughout the forecast period.

Future trends to watch for include potential market shifts due to fluctuations in global demand for textiles, changes in trade policies between Turkey and Thailand, and external economic factors that may impact the textile industry. Monitoring these variables will be crucial for understanding and potentially mitigating the projected decline in textile exports.