In 2023, Turkey's iron exports stood at 22.4 million metric tons. Forecasts for the coming years show a slight but steady increase: 22.64 million metric tons in 2024, 22.88 million in 2025, 23.12 million in 2026, 23.35 million in 2027, and 23.59 million in 2028. Over the next five years, this results in a CAGR of approximately 1.03%.
Year-on-year variations are as follows:
- 2024: 1.07%
- 2025: 1.06%
- 2026: 1.05%
- 2027: 1.00%
- 2028: 1.03%
Future trends to watch for include potential market fluctuations due to geopolitical factors, global supply chain disruptions, and shifts in demand from major importing countries. Additionally, technological advancements in mining and export logistics as well as environmental regulations may influence these forecasts.
