From 2013 to 2023, the number of employees in Turkey's iron ore mining sector saw considerable fluctuations, beginning at 3.58 thousand employees in 2013 and moderately descending to 2.68 thousand by 2023. Notably, the sector experienced a significant decline in 2018, followed by a stabilizing trend from 2021 onwards. Year-on-year variation revealed volatility with peaks in 2014 and troughs in 2018. The compound annual growth rate (CAGR) over the last five years was 1.54%, indicating slight recovery and stabilization post-2018 declines.
The forecast for 2024-2028 anticipates minimal growth, projected at a CAGR of 0.19%, suggesting a stable yet moderately increasing employment rate. The long-term trend points towards modest recovery and slow growth.
Future Trends to Watch For:
- Technological advancements and automation potentially impacting the workforce size.
- Market demand fluctuations for iron ore affecting employment needs.
- Regulatory changes or economic policies influencing the sector’s capacity to hire.
- Sustainability initiatives and their effect on operational practices and employment.