The export volume of adhesives based on rubber or plastic from Turkey has shown a varied trend from 2013 to 2023. In 2023, the volume stood at 28.473 million kilograms. The year-on-year variation from 2022 to 2023 was a modest increase of 2.65%. Over the last two years, the exports exhibited a strong recovery with an average increase rate of 5.42%, driven by a significant rise of 8.18% between 2021 and 2022 following a substantial 17.79% growth from 2020 to 2021. However, the average annual growth rate over the last five years, the CAGR, has been 2.75%, reflecting a moderate but positive growth trend. Projected values indicate the export volume will continue a steady increase, reaching 32.227 million kilograms by 2028, with a forecasted CAGR of 2%.
Future trends to watch for include technological advancements in adhesive formulations, increased demand from emerging markets, and possible fluctuations driven by global trade policies. Attention should also be paid to sustainability trends and innovations in green adhesives that may drive market dynamics forward.
