The import value of aluminium powders and flakes to Turkey in 2023 stood at $17.106 million. Over the past 11 years, the trend showed substantial fluctuations, with notable highs and lows. Key variations include a significant decrease from 2014 to 2016, followed by a recovery and a substantial 23.39% year-on-year increase in 2021. Recently, from 2022 to 2023, imports showed moderate growth rates of 2.31% and 2.21% year-on-year.
Analyzing the Compound Annual Growth Rate (CAGR) over the last five years, it demonstrates an average annual growth of 1.5%. The forecasted data suggests an incremental trend with an anticipated 5-year CAGR of 1.69%, leading to a forecasted value of $19.039 million in 2028. This reflects an overall growth rate of 8.72% over the forecast period.
Future trends to watch for include:
- Potential market disruptions due to geopolitical tensions that may affect trade routes and costs.
- Technological advancements in aluminium production that could influence supply and pricing.
- Regulatory changes regarding environmental impacts that could impact the cost and availability of raw materials.
