The import of Photosensitive, Photovoltaic, and LED Semiconductor Devices to Turkey has seen significant fluctuations over the past decade. There was a sharp increase from 2013 to 2017, peaking in 2017 at 210.27 million kilograms, followed by a substantial drop in 2018. The import volume partially recovered in 2019 but has shown mixed trends since then, stabilizing around the lower 80-90 million kilograms range through 2023.
In 2023, the import volume stood at 98.936 million kilograms. Analyzing the recent trends, year-on-year variation was 4.5% for 2023, indicating a steady although moderate increase. Over the last couple of years, the year-on-year variations were 4.82% in 2022 and 26.71% in 2021, suggesting stability after periods of volatility.
The Compound Annual Growth Rate (CAGR) for the past five years was approximately 26.55%, pointing towards a recovering trend despite short-term drops.
Looking ahead, forecasted data suggests a gradual increase till 2028, with a forecasted CAGR of 3.19% and an overall growth rate of 16.97% anticipated over the next five years. Although growth is expected, it will likely be steady and less volatile than in previous years.
Future trends to watch for include advancements in semiconductor technology, shifts in global supply chains, and Turkey’s domestic policy changes related to renewable energy and electronics manufacturing.
