The value added of books, periodicals, and other publishing activities in Turkey has shown consistency in growth over the past decade with an increase from 3.01 Billion New Turkish Liras in 2013 to 5.82 Billion in 2023. The growth fluctuated year-on-year, with notable peaks in 2014 (18.1%) and 2015 (17.97%), while more recent years exhibited moderate growth rates around 3-4% annually. The compound annual growth rate (CAGR) over the past five years stood at 4.62%, indicating stable but slowing expansion in the sector.
Future trends to watch for include:
- The forecasted CAGR of 2.29% over the next five years, suggesting a deceleration in growth.
- Technological advancements affecting digital publishing and the consumption patterns of readers.
- Economic factors within Turkey and globally which could impact discretionary spending on published materials.