The forecasted value added of chemical and pharmaceutical products in Turkey shows a steady upward trend from 2024 to 2028. In 2023, the value stood at 72.0 billion New Turkish Liras. The year-on-year variations indicate continuous growth: 5.13% from 2024 to 2025, 4.59% from 2025 to 2026, 4.29% from 2026 to 2027, and 4.03% from 2027 to 2028. Over the five-year period, the Compound Annual Growth Rate (CAGR) is approximately 4.26%.
Future trends to watch for include:
- Potential impact of regulatory changes within Turkey and international trade agreements.
- Innovation and technological advancements in chemical and pharmaceutical manufacturing.
- Economic and political stability influencing the overall investment climate in Turkey.