From 2013 to 2023, the import of multiple-walled insulating units of glass to Turkey exhibited significant fluctuations, starting at 2.2959 million USD and declining to 1.0555 million USD. The early years showed a mix of declines and recoveries, with a notable steep decline in 2015 followed by partial recovery up until 2017, then a generally downward trend. The past two years (2022-2023) saw imports reduce by approximately 7%, with a five-year compound annual growth rate (CAGR) of -7.34%, summarizing a steady decline.
Future forecasts from 2024 to 2028 predict a continued decrease, with a projected value of 0.62253 million USD by 2028. The five-year forecasted CAGR stands at -8.38%, highlighting an anticipated decline of 35.46% from 2023 to 2028.
Future trends to watch for include potential shifts in Turkey’s construction industry, technological advancements in local production efficiency, and changing economic policies that could impact import reliance and costs.
