The import of backed aluminium foil to Turkey showcased a variety of trends over the years leading up to 2023, where the value stood at 12.199 million kilograms. From 2013 to 2015, the volume experienced a stable increase, followed by consistent growth till 2019. Notably, 2020 saw a decline of 3.28% compared to the previous year. The year 2021 marked a significant upturn with a year-on-year increase of 9.24%. Following this, 2022 slightly dipped by 0.31%, whereas 2023 recovered with a growth of 1.62%. Over the last five years leading to 2023, the compound annual growth rate (CAGR) was 1.71%.
Forecasted data from 2024 suggests a steady growth trajectory with an average annual increase (CAGR) of 1.25% expected through 2028. This period is anticipated to culminate in a total growth of 6.43% over five years, reflective of continued market demand stability.
Future trends to watch for include potential market influences from global trade policies or economic changes, innovations in aluminium use, and emerging environmental regulations that could impact supply chains or demand for backed aluminium foil.
