By examining the data of goods transported by railway in Türkiye from 2013 to 2023, with the volume standing at 39.44 million metric tons in 2023, we observe significant year-on-year variations. For instance, there was a notable 15.24% increase in 2017 and a 16.86% increase in 2019. More recently, the year-on-year variations have been more moderate, with a 2% increase in 2023.
Looking at the period from 2019 to 2023, the Compound Annual Growth Rate (CAGR) was 6.73%, showing robust growth primarily driven by economic recovery and infrastructure investments. Forecasts suggest a CAGR of 1.49% from 2024 to 2028, indicating a more stable yet slower growth trajectory.
Future trends to watch for:
- Continued investment in railway infrastructure
- Technological advancements in railway transport
- Increasing demand for sustainable and efficient transport solutions
