Between 2013 and 2015, Turkey saw a significant increase in the import of marine outboard spark-ignition motors, culminating in a peak value in 2015. However, from 2016 onwards, there was a substantial decline, with values fluctuating significantly. By 2017, imports had dropped by over 65% compared to the previous year. The period between 2018 and 2023 showed a more stable trend, although there were minor fluctuations and a general downward trajectory starting from 2019. In 2023, the import value stood at 5.87 thousand USD.
Looking at the future, the forecasted data from 2024 to 2028 predicts a consistent decline in imports, with a Compound Annual Growth Rate (CAGR) of -1.78%. By 2028, the import value is expected to further decrease to 5.25 thousand USD.
Future trends to watch for:
- Changes in the global marine industry that could impact the demand for outboard motors in Turkey.
- Government policies or economic conditions affecting import regulations and tariffs.
- Technological advancements in marine propulsion systems.
- Potential increase in domestic production or alternative energy sources affecting import needs.
