The coking coal energy supply in Turkey for the year 2023 stood at 186.39 Thousand Terajoules, indicating a modest year-on-year increase of 0.2%. Over the last two years, from 2021 to 2023, the supply has shown minor fluctuations with an overall increase. The Compound Annual Growth Rate (CAGR) over the past five years indicates an average annual decrease of -0.29%. Looking forward, the forecasted data suggests a slight increase with a forecasted 5-year CAGR of 0.15%, resulting in a total growth rate of 0.76% by the year 2028.
Future trends to watch for:
- Potential external factors such as global economic conditions, which may impact coking coal prices and supply chains.
- Technological advancements in steel production that may affect the demand for coking coal.
- Policy changes in environmental regulations and initiatives promoting renewable energy sources that could impact the reliance on coking coal.
- Emerging market competition from alternative energy sources impacting the coking coal market dynamics.
