The rail freight transport volume in Turkey stood at 16.45 billion tonne kilometers by the end of 2023. An analysis of year-on-year growth shows varying trends: significant declines in 2015 and steady increases post-2016, with a peak growth rate of 13.19% in 2018. Consistent growth continued albeit at diminishing rates, with the latest year-on-year growth for 2023 at 1.62%. Over the last five years, the compounded annual growth rate (CAGR) has averaged at 2.58%.
Looking forward, the forecasted data suggests continuous but modest growth. By 2028, the forecasted volume is expected to reach 17.79 billion tonne kilometers. The forecasted five-year CAGR is 1.24%, implying incremental gains annually. Future trends to watch for include potential infrastructure developments, technological advancements in rail systems, and economic factors influencing trade and transport demand.
