Based on the forecasted data:
- 2024: $697.74 million
- 2025: $710.72 million (1.86% increase YoY)
- 2026: $723.43 million (1.79% increase YoY)
- 2027: $735.89 million (1.72% increase YoY)
- 2028: $748.10 million (1.65% increase YoY)
The Compound Annual Growth Rate (CAGR) over the 5-year period from 2024 to 2028 is approximately 1.76% per year.
Future Trends to Watch
The import of synthetic rubber to Turkey is set to grow steadily, reflecting consistent demand in industries such as automotive and manufacturing. Key trends to monitor include fluctuations in global oil prices, advancements in synthetic rubber alternatives, and potential impacts of trade policies. Understanding these variables will be crucial for accurate future forecasts.
