The sea container transport in Turkey has shown a steady increase from 2013 to 2023, with the value rising from 7.8999 million TEUs to 13.316 million TEUs, representing continuous growth. This growth is reflected in a series of year-on-year variations and compound annual growth rates (CAGR) that indicate fluctuating yet overall upward trends. The past two-year variations of 4.37% in 2022 and 4.14% in 2023 show a gradual increase. The 5-year CAGR from 2019 to 2023 stands at 4.19%, showcasing stable long-term growth.
Forward-looking data suggests that sea container transport will continue this upward trajectory, although with a slightly moderated pace given the forecasted 5-year CAGR of 2.79%. By 2028, the value is expected to reach 15.885 million TEUs, translating to a forecasted 5-year growth rate of 14.77%.
Future trends to watch for include:
- Potential impact of geopolitical changes on trade routes.
- Technological advancements in shipping logistics.
- Economic policies affecting trade volumes.
- Sustainability practices influencing shipping operations.
