Within the 2018-2023 timeframe, our forecast models predict growth from 3.2% p.a. in a low scenario to 13.9% p.a. in a high scenario. Accordingly, the industry in Turkey is expected to achieve revenues of between $413m to $681m by 2023.
The commercial industrial gases market in Turkey was estimated to have generated revenues of $297m in 2018. This was an increase from $182m in 2008, indicating an average annual growth rate of 5.1% p.a.
During the period of 2008-2018 GDP in Turkey experienced a growth rate of 14.1% p.a for the decade. The economy did dip during the financial crisis, with a low of -0.3% in 2009. However this was followed by an immediate recovery, and in 2018 the GDP growth rate sits at 19.5%.
Published: 2020
Report Data: 2019
... to continue reading you must be subscribed
