Based on the provided data, the year-on-year variations are as follows:
Year | Import Value (Billion Kilograms) | Year-on-Year Variation (%) |
---|---|---|
2024 | 5.427 | - |
2025 | 5.5115 | 1.56% |
2026 | 5.5942 | 1.50% |
2027 | 5.6753 | 1.45% |
2028 | 5.7547 | 1.40% |
The average compound annual growth rate (CAGR) over the forecasted period (2024-2028) is approximately 1.48%.
Future trends to watch include potential fluctuations in global iron ore prices, Turkey's domestic steel production demand, and changes in trade policies impacting import dynamics. Keeping an eye on technological advancements in ore agglomeration processes could also influence future import trends.