Over the past decade, the import value of composite paper and paperboard to Turkey has experienced notable fluctuations. After peaking in 2013 at $13.75 million with a significant year-on-year increase of 21.79%, the value saw a decline for several consecutive years before recovering slightly in 2017. The period from 2013 to 2018 showed a volatile trend, with multiple years of decline, particularly in 2016 with a notable 16.04% drop. However, 2021 marked a substantial year-on-year rise of 22.81%, bringing the value closer to its earlier peaks. As of 2023, the import value stands at $13.752 million, indicating a year-on-year increase of 1.79% and a CAGR of 2.61% over the last five years.
The forecasted data from 2024 to 2028 suggests a steady increase in the import value, with an expected CAGR of 1.38% over the next five years, resulting in a projected value of $15.015 million in 2028.
Future trends to watch for include potential impacts of global supply chain disruptions, changes in trade policies, fluctuations in global demand for composite paper and paperboard, and advancements in recycling technology which may influence the market dynamics in Turkey.
