The forecasted data for the import of upholstered seats with wooden frames to Turkey shows a consistent decline from 2024 to 2028. Starting at $16.57 million in 2024, the value drops annually, reaching $10.734 million by 2028. This represents a steady year-on-year decrease in import value, highlighting a negative trend in the market for these products in Turkey over the forecast period. The Compound Annual Growth Rate (CAGR) calculation would further underline the average annual decrease over these five years, emphasizing the shrinking demand or market size for imported upholstered seats with wooden frames in Turkey.
Looking forward, it is essential to monitor changes in consumer behavior, potential shifts towards local production, and the impact of global trade policies on the import market. These factors could influence the future trends of the market and possibly reverse or exacerbate the current declining trend.