The turnover in the retail sale via stalls and markets sector in Turkey has seen a substantial increase from 2013 to 2023, rising from 1.84 billion to 5.45 billion New Turkish Liras. The year-on-year variations and compound annual growth rates (CAGR) illustrate a robust growth pattern over this period, with some fluctuations. For example, the highest year-on-year growth was recorded in 2017 at 22.44%, while the CAGR peaked at 15.74% in 2019. More recently, the sector witnessed a year-on-year variation of 7.57% in 2023.
Since 2024, the projected data suggest a steady growth trajectory with a forecasted 5-year CAGR of 4.64% and a total forecasted growth rate of 25.46% by 2028, which indicates a continual but moderate expansion in the sector.
Future trends to watch for:
- Technological advancements in market stalls and online integration.
- Changing consumer preferences towards local and organic products.
- Government policies affecting market regulations and retail environment.
