The production in the Land Transport and Transport via Pipelines sector in Turkey has shown a significant upward trend from 2013 to 2023, growing from 89.28 billion New Turkish Liras in 2013 to 297.24 billion New Turkish Liras in 2023. The year-on-year variation indicates a steady increase with certain fluctuations, peaking in 2016 with a 15.72% rise. Over the past five years, the compound annual growth rate (CAGR) averaged at 11.1%. Looking forward, the forecasted CAGR from 2024 to 2028 is estimated at 5.4%, indicating a decelerated but continuous growth trajectory.
Future trends to watch for:
- Technological advancements in pipeline infrastructure and land transport logistics.
- Economic shifts and policy changes impacting investment and development in the sector.
- Impacts of sustainability initiatives and environmental regulations on production and transport modalities.
- Expansion in international trade routes and their influence on the sector’s dynamics.
