The import of parts and accessories for string musical instruments to Turkey has shown a declining trend from 2013 to 2023, where it stood at 24.06 thousand kilograms. The year-on-year variation has mostly been negative, with only a few exceptions such as in 2017 and 2018. The last two years, 2022 and 2023, saw minimal decreases of 0.75% and 0.74% respectively. The Compound Annual Growth Rate (CAGR) over the last five years has been an average decrease of 2.87% per year.
Forecasting into the future, the import volume is expected to continue its gradual decline, reaching 23.12 thousand kilograms by 2028. The forecasted CAGR for the next five years is -0.63%, indicating slower decline in comparison to the previous years. Future trends to keep an eye on include changes in global supply chains, fluctuations in demand for string musical instruments, and potential advancements or shifts in local manufacturing capabilities impacting imports.
