The man-made fiber production sector in Turkey saw substantial growth from 2013 to 2023, increasing from 3.34 billion to 21.18 billion New Turkish Liras. The sector witnessed several peaks, especially notable after 2016 with high year-on-year growth rates—39.16% in 2017, 38.18% in 2018, and 33.42% in 2019. This robust expansion continued with a 5-year CAGR of 23.74% as of 2023.
Year-on-year variation highlights include a rise of 15.34% in 2023, reflecting the sector's resilience and consistent growth momentum over the past decade. Looking ahead, the forecasted 5-year CAGR stands at 7.77%, signaling moderate yet steady growth with an overall projected increase of 45.39% by 2028.
Future trends to watch for:
- Technological advancements in fiber production
- Increased global demand for sustainable and high-performance man-made fibers
- Turkey's strategic initiatives and investments in the textile sector
- Potential impact of economic fluctuations and regulatory changes in the industry
