The non-specialized wholesale trade sector in Turkey has shown significant growth over the past decade. Starting from a turnover of 9.54 billion New Turkish Liras in 2013, it reached 65.7 billion by 2023, showing substantial progress. Notable peaks in growth occurred in 2017 and 2018, with year-on-year increases of 54.82% and 65.05% respectively. However, the growth rate moderated to 12.19% in 2023.
Key variations observed during the last two years are 14.05% in 2022 and 12.19% in 2023. The Compound Annual Growth Rate (CAGR) for the past five years is 12.48%, reflecting a moderate yet steady increase. Looking forward, from 2024 to 2028, a slower but positive trend is forecasted with a CAGR of 6.64% and an overall growth rate of 37.9%.
Future trends to watch for include potential impacts of macroeconomic factors such as inflation, currency fluctuations, and supply chain dynamics. Additionally, digitalization and e-commerce are expected to play a pivotal role in shaping the sector's trajectory.
