The import of machinery for making pulp, paper, and paperboard to Turkey saw significant volatility over the years from 2013 to 2023. In 2013, the value stood at $119.37 million, peaked at $249.85 million in 2014, and then generally declined. Notably, by 2023, imports reduced to $39.664 million. This marks a year-on-year decline of 7.75% from 2022 and a negative CAGR of 8.18% over the past five years.
Future trends to watch for:
• Forecast data predicts a steady decline, with imports expected to decrease to $22.255 million by 2028.
• The 5-year CAGR for the forecast period is a negative 9.17%, indicating a continued downturn.
• Market participants should monitor emerging supply chain developments and shifts in local production capabilities that may further affect import volumes.
