The data indicates that Türkiye’s aerospace industry imports stood at 4.25 Billion US Dollars in 2023, exhibiting a year-on-year growth of 2.41% from 2022. Over the past two years, variations have shown a mix of declines and recoveries, with a recent average annual increase of 0.73%. The compound annual growth rate (CAGR) over the last five years highlights a modest growth of 0.73% annually.

Key historical trends:

2013-2016: An overall upward trajectory with occasional declines.
2017 saw a significant drop of 25.72%, interrupting the growth trend.
Post-2017, the market exhibited fluctuations with periods of growth and contraction.

Future trends to watch for:

Forecasted steady growth at a CAGR of 1.72% from 2024 to 2028.
Expected overall growth rate of 8.88% over the 5-year forecast period.
Potential impacts of technological advancements and global market dynamics on import volumes.