The import of ammonia to Turkey is forecasted to experience a gradual decline over the next five years. In 2023, the actual import value was $197 million USD. From 2024 to 2028, the values forecasted are $194.82 million (2024), $192.56 million (2025), $190.34 million (2026), $188.16 million (2027), and $186.03 million (2028).
Year-on-year variations:
- 2024-2025: -1.16%
- 2025-2026: -1.15%
- 2026-2027: -1.15%
- 2027-2028: -1.13%
The Compound Annual Growth Rate (CAGR) over these five years is -1.13%. The trend indicates a consistent decrease in the import value of ammonia.
Future trends to watch for:
- Changes in global ammonia prices or supply chains that may affect import costs.
- Domestic production capabilities which could reduce dependence on imports.
- Economic policies or tariffs that could influence trade dynamics.
