Between 2013 and 2023, Turkey's import of fresh foliage and branches for bouquets has seen significant fluctuations. In 2013, import value was $108.54K USD, demonstrating a high year-on-year growth of 97.4%. However, from 2014 to 2015, there was a notable decline in value with year-on-year decreases of -24.94% and -10.4%, respectively. A resurgence occurred in 2016 with a 62.43% increase, continuing to rise until 2018 which saw an 82.81% increase. From 2019 to 2023, growth has been relatively steady with smaller yet positive year-on-year increases every year.
As we are now in 2024, the forecast indicates a continuous but slower growth trend with an anticipated CAGR of 3.32% over the next five years, leading up to 2028. The import value is expected to reach $373.62K USD by 2028.
Future trends to watch for include:
- The stability of economic conditions in Turkey which could affect import capacities.
- The global supply chain dynamics that might influence availability and pricing of fresh foliage and branches.
- Potential shifts in consumer preferences towards sustainable or locally sourced products that could impact demand for imports.
