The Value Added of Air Transport in Turkey has exhibited notable fluctuations, with a significant growth trend from 2013 to 2023. In 2023, the value stood at 37.73 billion New Turkish Liras, reflecting a consistent upward trajectory in recent years despite the challenges faced in 2016. Over the last two years, the year-on-year variation was 5.82% in 2023 and 6.31% in 2022. Analyzing the last five years, the CAGR was 6.87%, indicating steady market growth.
Projected future trends showcase a continued increase, albeit at a more moderate pace. The forecasted 5-year CAGR (2024-2028) is 3.62%, suggesting a 19.46% cumulative growth over this period. Watch for:
- Technological advancements in air transport
- Geopolitical factors influencing regional air travel
- Economic stability and consumer travel behavior
