The historical data from 2013 to 2023 shows fluctuating trends in Turkey's domestic material consumption of sand and gravel, measured in million metric tons. The value stood at 343.67 million metric tons in 2023. Although there were periods of significant increases, such as the jumps in 2014, 2015, and 2017, the market also experienced notable fluctuations, as seen in the drop of 2019 and subsequent recovery. The last five years show a moderate average annual decrease, reflected in a CAGR of -2.65% from 2018 to 2023.
Forecasts predict a steady growth in consumption, with a projected CAGR of 1.03% from 2024 to 2028, indicating a gradual increase in demand over the next few years.
Future trends to watch for:
• Economic policies and infrastructure projects in Turkey that might influence construction activity.
• Technological advancements in the construction industry affecting demand for sand and gravel.
• Global market factors, including supply chain disruptions and raw material price fluctuations.
