Forecast: Coking Coal Production in Turkey

Turkey's coking coal production has experienced fluctuations over the past decade, with a peak in 2014 at 569.23 thousand tonnes of oil equivalent (kTOE) and a notable decline in subsequent years. By 2023, production stood at 399.13 kTOE. Year-on-year variations indicate a mixed trend, with significant declines in 2016 and 2020 offset by minor recoveries in 2017 and 2021. The compound annual growth rate (CAGR) over the last five years has been -1.62%, reflecting an overall decline.

Pivotal future trends to watch for include:

  • Accelerated reduction in production, with forecasts indicating a steady decline to 316.38 kTOE by 2028.
  • A forecasted 5-year CAGR of -3.71%, highlighting the industry's ongoing contraction.
  • Potential strategic shifts toward alternative energy sources or enhanced production efficiency to mitigate declining output.

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