In 2023, the import of lamps and lighting fittings to Turkey stood at 250 million USD. The 2024 forecast suggests a total value of 244.82 million USD, reflecting a year-on-year decrease of approximately 2.07%. Projections for 2025 anticipate a further reduction to 240 million USD, a 1.97% decline from the previous year. For 2026, the import value is expected to be 235.27 million USD, down by 1.97% from 2025. By 2027, the value is forecasted to reach 230.64 million USD, marking a 1.97% decrease from the preceding year. Finally, 2028 projections indicate the import value will decrease to 226.1 million USD, representing a 1.97% decline from 2027.
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is about -1.99%, signifying a continuous but modest decrease in import values over this period.
Future trends to watch for include potential shifts in Turkey's manufacturing capabilities, global trade relations impacting import policies, and technological advancements in energy-efficient lighting solutions which may affect demand and import trends. Monitoring economic policies and market demand will be essential for predicting future changes in import volumes.
