In 2023, Turkey imported lamp and lighting fitting parts of glass valued at $17.624 million. The forecasts from 2024 to 2028 show a steady annual increase in imports. Specifically, the values are projected to be $18.059 million in 2024, $18.503 million in 2025, $18.937 million in 2026, $19.363 million in 2027, and $19.781 million in 2028.
Year-on-year analysis indicates a gradual increase, with notable annual growth percentages. From 2024 to 2025, the import value is expected to rise by 2.45%. From 2025 to 2026, a 2.35% increase is anticipated, followed by 2.25% in the period from 2026 to 2027, and 2.16% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period forecasted is approximately 2.24%.
Future trends to watch include shifts in economic policies which may influence import tariffs and exchange rates, affecting overall import prices. Additionally, advances in lighting technology and energy efficiency standards could drive changes in demand for specific types of lighting parts and fittings.
