The share of travel services imports in Turkiye's total services imports has seen considerable fluctuations from 2013 to 2023. It peaked at 21.05% in 2015 but dropped significantly to 4.35% in 2020 due to the COVID-19 pandemic. The share slightly recovered to 5.58% in 2021 and surged to 10.03% in 2022, before dipping again to 9.21% in 2023. The year-on-year variation for 2023 shows an 8.17% decrease, and the 5-year CAGR reveals an average annual decline of 10.62%.
Future trends to watch for:
- Stabilized values predicted from 2024 to 2028, maintaining the 9.21% share.
- Potential recovery in travel demand post-pandemic, possibly affecting the share of travel services imports in services imports.
- Geopolitical and economic factors influencing Turkiye's travel services market, particularly in relation to tourism and international travel policies.