The analysis of the forecasted import of adhesives based on rubber or plastic to Turkey for the years 2024 to 2028 shows a consistent upward trend. Starting from $221.19 million in 2024, the value is expected to rise to $240.54 million by 2028. In comparison, the year-on-year variation indicates an approximate increase of 2.25% from 2024 to 2025, 2.17% from 2025 to 2026, 2.07% from 2026 to 2027, and 1.99% from 2027 to 2028. This progressive increase highlights a positive growth pattern over the forecasted years.
For the historical context, if the import value stood at $216.00 million in 2023, the annual growth rate from 2023 to 2024 is about 2.40%. The Compound Annual Growth Rate (CAGR) for the five-year forecasted period (2024-2028) is approximately 2.12%, reflecting a stable increase in import value year over year.
Future trends to watch for include potential changes in international trade policies, economic fluctuations in Turkey, and advances in adhesive technology which could influence the import growth rate. Additionally, monitoring raw material prices and supply chain efficiencies will be crucial in understanding the long-term sustainability of this upward trend.
