Turkey's import volume of ethylene-vinyl acetate copolymers peaked in 2023 at 59.327 million kilograms. Reviewing the past decade shows fluctuating growth rates, with notable peaks in 2016 (15.26%) and 2021 (18.82%), and marked declines in 2018 (-12.61%) and 2020 (-13.64%). The last two years saw modest increases of 9.05% in 2022 and 3.4% in 2023. The compound annual growth rate (CAGR) over the past five years stood at 5%, indicating a stable upward trend despite year-on-year fluctuations.
Future trends to watch:
- Continued steady growth with a forecasted 5-year CAGR of 2.51% through 2028.
- Potential market impacts due to economic and geopolitical factors affecting trade dynamics.
- Technological advancements and innovation in ethylene-vinyl acetate copolymers driving demand.
- Monitoring shifts in global supply chain logistics and raw material accessibility.