Between 2013 and 2023, Turkey's import volume of taps, cocks, valves, and similar appliances showed considerable fluctuations. In 2023, the import volume stood at 35.145 million kilograms. These imports experienced dramatic changes, with notable peaks in 2016 and a significant drop in 2018. Over the last two years, a slight recovery was seen with year-on-year variations of 1.66% in 2022 and 1.6% in 2023. The compound annual growth rate (CAGR) for the last 5 years ending in 2023 was 4.2%. Looking ahead, the forecast suggests moderate annual growth of 1.25% CAGR, culminated in a 6.4% increase by 2028 to 38.041 million kilograms.
Future trends to watch for include the impact of global supply chain developments, potential changes in manufacturing technologies, and Turkey’s economic policies. Any shifts in these areas could further influence the import dynamics of taps, cocks, valves, and similar appliances.
