Between 2013 and 2023, Turkey's value-added sector of Computer, Electronic, and Optical Products saw substantial growth, increasing from 4.27 billion to 19.24 billion New Turkish Liras. Peak performance is noted in 2018, with an annual growth of 68.03%. The average compound annual growth rate (CAGR) from 2018 to 2023 was 7.63%, reflecting a notable slowdown compared to earlier periods. In recent years, growth rates have shifted downward, with the percentage increase dropping to around 5.44% in 2023, indicating a more moderated expansion phase.
Future trends predict a CAGR of 3.39% from 2024 to 2028. The forecast suggests that by 2028, the sector could reach 23.92 billion New Turkish Liras, demonstrating continued but moderated growth.
Future trends to watch for include:
- Technological advancements and innovations that could spur sectoral growth.
- Economic policies and regulatory changes affecting the industry landscape.
- Global supply chain dynamics and their impact on production and value addition.
- Domestic and international market demands for computer, electronic, and optical products.
