The import of unagglomerated iron ore and concentrate to Turkey is projected to steadily increase from 509.21 million USD in 2024 to 561.11 million USD by 2028, reflecting a consistent year-on-year growth. Considering the actual import value in 2023 as a baseline for comparison, the projected import values for 2024 represent a specific year-on-year percentage increase. Likewise, each subsequent year shows a similar upward trajectory in percentage terms, from 2025 through 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) reveals a steady average annual growth.
Future trends to watch for include the global demand for iron ore driven by industrial activities, changes in Turkey's domestic steel production, potential trade policies affecting imports, and geopolitical developments that could impact raw material supply chains. Monitoring these factors will be essential for anticipating shifts in import volumes and values beyond 2028.