The forecast for imports of clocks, watches, and parts thereof to Turkey shows a steady increase from 2024 to 2028. In 2023, the actual import value was recorded at 302.22 million US Dollars. From 2024 to 2025, the value is expected to rise by approximately 1.36%. From 2025 to 2026, the value anticipates a growth of around 1.32%. The upward trend continues with a 1.27% increase from 2026 to 2027 and a projected 1.23% rise from 2027 to 2028. Over the five-year forecast period (2024-2028), the compound annual growth rate (CAGR) averages about 1.30% per year.
Future trends to watch for include shifts in consumer preferences towards smartwatches and high-end luxury timepieces, which may drive imports. Additionally, fluctuations in foreign exchange rates and trade policies could impact import costs and trigger adjustments in import volumes. Monitoring advancements in technology and changes in global supply chains will also be crucial for forecasting more accurately in the coming years.
