The non-ferrous metal exports from Turkey have shown significant fluctuations over the past decade. Starting at 4.59 million metric tons in 2013, the volume declined until 2015, then showed a rebounding trend from 2016 with intermittent growth. The peak was observed in 2021 with 6.41 million metric tons, followed by a subsequent decline and a recovery to 5.12 million metric tons by 2023. The year-on-year variation illustrates extreme volatility, particularly in 2020 and 2021, reflecting external market shocks and recovery thereafter. The compound annual growth rate (CAGR) over the last five years stands at 1.01%, indicating modest growth overall.
Future trends to watch for include:
- A forecast CAGR of 1.52% over the next five years suggests steady albeit moderate growth.
- By 2028, the forecasted growth rate stands at 7.84%, indicating a positive outlook for non-ferrous metal exports.
- Market dynamics influenced by global demand, technological advancements, and regulatory changes in environmental policies may impact future trends.