The stone, sand, and clay quarrying sector in Turkey experienced marked growth between 2013 and 2023, increasing from 7.9 billion New Turkish Liras to 19.34 billion New Turkish Liras. Year-on-year variations reflect fluctuating growth, with notable peaks in 2015 (17.13%) and 2018 (15.11%) and a contraction in 2019 (-5.81%). From 2013 to 2023, the Compound Annual Growth Rate (CAGR) has progressively decelerated from 18.83% to 4.5%, indicating a maturing market.
The forecasted data suggest continued, albeit slower, growth with the sector reaching 24.58 billion New Turkish Liras by 2028, driven by a forecasted 5-year CAGR of 3.78%.
Future trends to watch for include increased regulation and environmental concerns, the impact of technological advancements in quarrying processes, and fluctuations in construction industry demand, which is closely tied to this sector.
