The value-added of road transport and pipeline transport in Turkey has shown significant growth from 2013 to 2023. The CAGR over the last five years up to 2023 stood at 6.1%, with actual values peaking at 259.65 Billion New Turkish Liras in 2023. Despite some fluctuations, particularly in 2020 due to a -15.81% drop influenced by the COVID-19 pandemic, the sector rebounded strongly in 2021 and continued to grow steadily into 2023.
The forecast for 2024 and beyond indicates a slower but steady growth, with a 5-year CAGR projected at 2.94% through to 2028. This translates to a forecasted total growth rate of 15.56% over these five years, reaching a value of 311.96 Billion New Turkish Liras by 2028.
Future trends to watch for include:
- Infrastructure developments and investments in road and pipeline networks driving efficiency and expansion.
- Economic conditions and policies impacting transport demands and capacities.
- Technological advancements in transport logistics and pipeline management enhancing value-added services.
- Environmental regulations and shifts toward sustainable transport solutions.
