Based on historical data and forecasts, the number of container ships in Turkey has shown a dynamic trend. During 2013 to 2023, there has been considerable variation with significant jumps such as in 2016 (65.86%) and notable declines such as in 2017 (-38.77%). The Compound Annual Growth Rate (CAGR) between 2019 and 2023 is 6.13%, indicating a steady increase.
In 2023, the value stood at 13.71 thousand container ships. Forecasts suggest moderate growth for the next five years with a forecasted five-year CAGR of 2.44% and an overall five-year growth rate of 12.8% by 2028.
Future trends to watch for include:
- Environmental regulations impacting ship design and number.
- Technological advancements in shipping operations.
- Geopolitical factors influencing maritime trade routes and capacities.
- Market demand for shipping containers in Turkey's growing economy.
