The aluminum production in Turkey stood at 89.37 thousand metric tons in 2023. From 2013 to 2023, the sector saw fluctuations with an early drop, followed by a steady recovery and subsequent growth. Significant growth years included 2015 (53.33%) and 2016 (71.74%). The average annual growth rate over the last five years (CAGR) up to 2023 was 2.24%. In the coming years, the forecast for 2024 to 2028 predicts a modest CAGR of 1.67%, culminating in a production volume of 99.31 thousand metric tons in 2028.
Future trends to watch for:
- Technological advancements could boost efficiency and production.
- Global market demand shifts may affect Turkey's aluminum exports.
- Environmental regulations could impact production methods and costs.
- Economic factors such as inflation and currency exchange rates.
