The import of parts of electronic integrated circuits to Turkey exhibited significant fluctuations between 2013 and 2023. In 2023, the imports stood at 9670 kilograms, demonstrating a modest year-on-year increase. Historical data from 2013 to 2016 showed erratic growth, with a peak in 2016 followed by declines and another rise post-2018. Specifically, 2022 and 2023 saw relatively stable growth at just below and slightly above 1%, whereas the CAGR over the last five years up until 2023 indicated a modest growth average per year.
Forecasting from 2024 to 2028, the import is expected to grow steadily, albeit at a conservative CAGR of 0.78%, culminating in a 3.96% total growth by 2028. This suggests a period of stability and gradual increase in the volume of imported parts of electronic integrated circuits.
Future trends to watch for:
- Technological advancements and their impact on Turkey's semiconductor industry.
- Changes in global trade policies that may affect import costs and supply chain reliability.
- Turkey's domestic production capabilities and movements towards becoming more self-reliant in electronic component manufacturing.
