The production in the Water Collection, Treatment, and Supply sector in Turkey has experienced notable growth in terms of value over the past decade, rising from 8.12 billion New Turkish Liras in 2013 to 18.96 billion in 2023. This marks a significant increase, albeit with fluctuating year-on-year variations. From high double-digit growth in the earlier years (2014-2016), the growth rate has stabilized to single-digit percentages in recent years.
Specifically, the year-on-year growth showed substantial figures up to 2017, with a peak of 29.67% in 2015. However, post-2017, the growth rates moderated significantly, registering around 0.93% in 2023. The Compounded Annual Growth Rate (CAGR) over the past five years (2018-2023) has been 0.83%, indicating a slowdown in growth compared to earlier years.
Future forecasts suggest a continued but mild growth trend, with the 5-year forecasted CAGR from 2024 to 2028 projected at 0.7%. The overall forecasted growth rate for the same period stands at 3.54%, reflecting a steady but slow upward trend in production within the sector.
Future trends to watch for involve potential technological advancements in water treatment and supply methods, policy shifts regarding resource management, and international best practices influencing local regulations. Additionally, climate change impacts and population growth will likely drive demand and infrastructure investments in this sector.
