In 2023, Turkey's import of refractory ceramic articles, except for construction, stood at $68.226 million, showing a slight year-on-year increase of 2.04%. Reviewing the longer-term trends, the data shows fluctuating values: significant drops such as in 2015 and 2020, and recoveries exemplified by the years 2014 and 2021. The 5-year CAGR till 2023 was at 1.65%, signaling a modest overall annual growth.
Future trends to watch for:
- A forecasted consistent growth with a 5-year CAGR of 1.56% and an anticipated increase of 8.07% from 2024 to 2028, reaching $75.354 million in 2028.
- Potential impacts from global supply chain dynamics and technological advancements in the ceramics industry, which may further influence trade volumes.
