Sub-bituminous coal production in Turkey experienced significant volatility from 2013 to 2023. In 2023, production stood at 39.17 thousand terajoules, representing a 2.82% year-on-year increase from 2022. Despite a notable rise in 2016 and 2019, production faced declines in certain years, particularly between 2020 and 2021. Over the past five years (2018-2023), the production demonstrated an average annual growth rate (CAGR) of 3.96%, indicating moderate growth with fluctuations.
Future Trends to Watch:
- Forecasted production from 2024 to 2028 suggests a steady increase, with an average annual growth rate of 1.98%.- By 2028, production is expected to reach 44.38 thousand terajoules, indicating a cumulative growth rate of 10.3% from 2023.- Potential changes in energy policies, global coal demand, and advancements in alternative energy sources could significantly impact future production trends.
