The import volume of Polytetrafluoroethylene (PTFE) to Turkey has shown significant fluctuations over the years. Starting from 1.0048 million kilograms in 2013, it experienced an overall upward trend, reaching 1.8476 million kilograms by 2023. The highest growth rate was observed in 2017 with an 18.36% increase, while there was a notable decline in 2018 and 2020, with -9.41% and -13.86% respectively. The recent trend between 2021 and 2023 saw a more stable growth, reflected in the smaller year-on-year variations of 18.55%, 8.82%, and 3.21% respectively.
Looking forward, the forecasted data indicates continuous growth, reaching 2.1423 million kilograms by 2028. The average annual growth rate (CAGR) over the next five years is expected to be around 2.38%, which points towards a steady, albeit moderate, increase in import volume. This suggests a positive yet cautious outlook for the PTFE import market in Turkey.
Future trends to watch for:
-Potential market disruptions due to geopolitical changes or trade policies.
-Technological advancements and their impact on PTFE demand.
-Economic factors influencing import capacity and industrial demand.
