In 2023, Turkey's metal ores imports stood at 54.49 million metric tons. From 2024 onwards, the forecasted data show a steady growth in import volumes. Comparing the forecasted values, we see a consistent year-on-year increase: 1.4% in 2025, 1.36% in 2026, 1.32% in 2027, and 1.29% in 2028. The compound annual growth rate (CAGR) over the five-year period (2024-2028) suggests an average annual growth of approximately 1.34%.
Future trends to watch for include:
- Fluctuations in global metal ore prices impacting import volumes.
- Changes in Turkish industrial output and demand for raw materials.
- Influence of geopolitical factors and trade policies on import stability.
