Turkey's import of glass fibres, glass wool, and related articles has shown considerable growth from 2013 to 2023, though with some fluctuations. The year 2021 saw an increase of 25.89% before a slight decline to 4.21% in 2022. Forecasts from 2023 suggest a consistent rise, reaching 13.267 million kilograms by 2028. The average annual growth rate (CAGR) over the last 5 years stands at 3.66%, with a forecasted 5-year growth rate of 15.09% and a forecasted 5-year CAGR of 2.85%.
Future Trends to Watch
Future trends to monitor include technological advancements in production, which could enhance quality and reduce costs, trade policy changes impacting imports, and increasing demand from key industries like construction and automotive. Additionally, the global supply chain's stability and Turkey's economic conditions will play crucial roles in shaping import volumes.
