The import of artificial flowers, foliage, and fruit to Turkey stood at 18.699 million USD in 2023. The year-on-year variation for the last two years has shown a consistent decline of about 2.03%. Over the last five years, the Compound Annual Growth Rate (CAGR) averaged out to 0.71%, indicating a minor but positive growth trajectory despite some fluctuations. From 2013 to 2023, the data shows a clear downturn, particularly sharp after 2016, reflecting a trend toward steadily decreasing imports.
Future Trends to Watch For:
- Continued declining imports until 2028, with a forecasted CAGR of -1.81%, suggesting diminished market demand.
- Potential effects of economic policies, trade regulations, and local production capacities on import volumes.
- Emerging market trends in consumer preferences towards natural versus artificial decorative items.
- Impact of global economic conditions and currency fluctuations on import costs and volumes.