The Mining and Quarrying Sector in Turkey has shown volatility in its final consumption of natural gas over the years. Starting from a high base in 2013, there was a notable decrease until 2016, followed by a remarkable recovery from 2017 onwards. By 2023, the consumption was recorded at 173.15 Thousand Tonnes of Oil Equivalent (ktoe), demonstrating a 2.76% year-on-year increase. The sector’s growth rate over the past five years shows a CAGR of 6.29%, indicating consistent upward momentum since 2018.
Future trends indicate a moderate growth trajectory with a 1.98% forecasted CAGR from 2024 to 2028, implying a steady rise in natural gas consumption. Long-term planning should consider external factors that might impact natural gas demand, including technological advancements, regulatory changes, and economic conditions.
Future trends to watch for:
- Adoption of cleaner, more efficient technologies in mining operations.
- Regulatory shifts towards sustainable practices affecting energy consumption.
- Economic factors influencing investment and production capacities in the sector.
- Potential shifts towards alternative energy sources and their impact on natural gas demand.
