The production in the mining and quarrying sector in Turkey experienced a significant upward trend from 2013 to 2023, with actual values growing from 28.39 billion New Turkish Liras in 2013 to 131.89 billion New Turkish Liras in 2023. The year-on-year variations reveal robust growth periods, particularly from 2017 to 2020 where the yearly increases ranged from 27.21% to 39.52%. However, growth slightly moderated in subsequent years, with year-on-year rises of 16.52% in 2022 and 14.04% in 2023.

To watch for future trends:

Despite the slowdown, the sector continues to expand, with forecasted values indicating a continued upward trajectory reaching 210.65 billion New Turkish Liras by 2028.
The forecasted five-year CAGR for the period 2024-2028 suggests a more moderate growth rate of 7.32%, implying a potential stabilization in the sector.
Important indicators to monitor include any policy changes, global economic conditions impacting demand for mining products, technological advancements within the sector, and environmental regulations.