In 2023, Turkey's iron imports stood at 46.6 million metric tons. The forecasted values indicate a stable growth pattern from 2024 to 2028. The year-on-year variations show incremental increases: 1.35% (2025), 1.31% (2026), 1.30% (2027), and 1.26% (2028). Over the last two years, the growth rate has remained consistently around 1.3%. The Compound Annual Growth Rate (CAGR) for the 2024-2028 period is approximately 1.3%, underscoring a steady, if modest, annual increase in imports.
Future trends to watch for include potential shifts in global iron demand, fluctuations in iron prices, and Turkey's economic policies affecting import volumes. Additionally, market conditions and trade agreements with key iron-producing countries could significantly impact the forecasted import trajectory.