Forecast: Import of Parts of Aircraft and Spacecraft to Turkey

The import of parts for aircraft and spacecraft to Turkey has seen fluctuating growth rates over the past decade. From 2013 to 2023, the value increased substantially despite some annual declines, especially between 2013 and 2014. The highest one-year growth occurred in 2017, with a significant increase of 34.85%. The Compound Annual Growth Rate (CAGR) for the period from 2013-2023 was overall positive, demonstrating a general upward trend despite some volatility year-on-year. As of 2023, the import value stands at 684.75 million USD.

Future trends predict a steady increase with imports projected to reach 808.96 million USD by 2028, reflecting consistent growth. The forecast for the next five years shows a modest but positive CAGR of 2.67% and an overall expected growth rate of 14.1%.

Key future trends to watch for include:

  • Technological innovations in the aerospace sector potentially driving higher import needs.
  • Geopolitical factors affecting trade policies and import volumes.
  • Economic conditions both globally and within Turkey influencing budget allocations for aerospace imports.

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