The import of non-electric wall clocks to Turkey has shown significant fluctuations over the past decade. Initially, there was a steep decline, followed by a dramatic increase in 2016 and 2017. After peaking in 2018, imports maintained high levels with minor fluctuations. In 2023, import volume stood at 26.84 thousand kilograms. The past two years saw slight decreases, with imports reducing by 0.88% in 2022 and 0.87% in 2023. Over the last five years, the CAGR was -3.17%. Forecasted data indicates a gradual decline at an average rate of -0.74% CAGR until 2028.
Going forward, it is important to monitor:
- Changes in consumer preferences towards digital or smart clocks.
- Global and domestic economic conditions affecting consumer spending.
- Trade policy changes impacting import regulations or tariffs.
