The import of artificial flowers, foliage, and fruit made of plastic to Turkey has experienced a significant decline from 1.2479 million kilograms in 2013 to 0.64827 million kilograms by 2023. This downward trend shows a year-on-year decrease of 6.3% in 2023 compared to the previous year. Over the last two years, the import volumes have consistently fallen, reflecting an ongoing reduction in demand. The compounded annual growth rate (CAGR) for the past five years stands at approximately -4.9%. This continued decline indicates a concerted trend of reduced imports.
Looking forward, the forecast suggests further contraction in import volumes, with a forecasted 5-year CAGR of -6.87%, leading to an expected volume of 0.42061 million kilograms by 2028. This substantial decline in an import volume totaling approximately -29.95% over the forecast period highlights a potential shift in market dynamics.
Future trends to watch for include a potential rise in local manufacturing capacity, shifts in consumer preferences towards natural products, or changes in trade policies that might impact import volumes. Monitoring these developments will be essential for understanding the evolving market landscape.
