The aerospace industry exports in Türkiye have experienced notable fluctuations over the past decade. Standing at $1.88 billion in 2023, the industry's value demonstrates a mixed pattern of growth and contraction. Key historical trends show significant increases in 2017 (83.67%) and 2021 (42.05%), offset by sharp declines in 2018 (-26.99%) and 2020 (-28.55%). The most recent year-on-year growth of 10.8% in 2023 indicates a positive trajectory, with a five-year Compound Annual Growth Rate (CAGR) of 5.25%. Future projections suggest a steady growth, with a forecasted CAGR of 2.96% and an overall increase of 15.69% by 2028.
The forecasted data from 2024 to 2028 indicates continuous though moderate growth, peaking at $2.27 billion by 2028. By maintaining this upward trend, the industry's strategic focus may shift towards innovation, international partnerships, and sustainable practices to sustain competitiveness.
