The import value of woven fabric of glass fibres to Turkey has shown fluctuations over the past decade, but overall, it has exhibited a positive trend. Starting at 80.838 million USD in 2013, it decreased slightly in 2014 but generally trended upward, reaching 99.445 million USD in 2023. Between 2019 and 2020, there was a significant decline of 14.17%, but it quickly rebounded with a substantial increase of 24.38% in 2021. Recent years have shown steady growth, with a year-on-year increase of 2.92% in 2023.
Over the last five years, the compound annual growth rate (CAGR) was 3.3%. Forecasted data suggest a continued upward trend, with an anticipated CAGR of 2.17% from 2024 to 2028, projecting the value to reach 114.18 million USD by 2028.
Future trends to watch for include:
- Technological advancements in the glass fibres market.
- Sustainability initiatives that might affect production and import patterns.
- Economic and geopolitical factors influencing trade regulations and exchange rates.
