Forecast: Exports of Metals in Türkiye (Turkey)

Türkiye's metal exports in 2023 stood at 39.18 million metric tons. The trend over the last decade has shown significant fluctuations. From 2013 to 2015, the exports saw a decline. However, from 2016 onwards, a recovery was observed with notable peaks in 2017 and 2018. Even though 2019 and 2020 exhibited a dip, the upward trend resumed with a peak in 2021. Over the last two years, the exports grew by 2.49% and 2.38% year-on-year.

In terms of long-term growth, the Compound Annual Growth Rate (CAGR) over the last five years was 1.71%. Forecasts project a steady growth rate of approximately 1.8% CAGR over the next five years, predicted to drive a cumulative growth rate of 9.35% by 2028.

Future trends to watch for include potential shifts in global demand for different types of metals, the impact of new trade policies, and technological advancements within the metal industry that may influence export volumes and market dynamics.

Additional attention should be given to geopolitical events and environmental regulations, as these could also play significant roles in shaping Türkiye's metal export landscape.