Liquid bulk tankers in Turkey demonstrated fluctuating growth from 2013 to 2023, standing at 173.62 million gross tonnage in 2023. Noteworthy trends include a significant increase in 2016 with a 13.92% year-on-year growth and a notable dip of 8.85% in 2018. In the last five years, a steady recovery is observed, with 2022 showing a substantial 14.83% rise and 2023 expanding by 4.27%. The five-year CAGR from 2018-2023 is 5.4%, reinforcing a positive growth trajectory.
Future trends to watch:
- Forecasted annual growth rate between 2024-2028 is 2.87%, projecting more subdued but steady expansion.
- By 2028, liquid bulk tankers are expected to reach 208.12 million gross tonnage, a 15.2% growth from 2023.
