Forecast: Metals Consumption in Türkiye (Turkey)

The metals consumption in Türkiye displayed considerable fluctuation over the past decade. From 2013 to 2023, the consumption experienced highs and lows with the year 2015 peaking at 10.2 units and a notable dip in 2018 at 6.8 units. The year-on-year variation reached a high of 35.88% in 2019 and a low of -16.67% in 2018, reflecting significant market volatility. By 2023, Türkiye's metals consumption stood at 9.2 units. The recent trends indicate slight but steady growth, with a CAGR of 6.23% from 2018 to 2023.

Looking ahead, forecasted data suggests a modest but continuous increase in metals consumption up to 2028, with an estimated CAGR of 1.07%. This predicts gradual but steady growth in the domestic material consumption sector.

Future trends to watch for include:

• Potential impacts of global economic shifts on metal imports and exports.
• Technological advancements in metal production and recycling processes.
• Government policies and incentives that might affect domestic and industrial consumption patterns.
• Environmental regulations and sustainability practices influencing metal consumption.