The forecast for the import of agglomerated iron ore and concentrate to Turkey indicates a steady growth from 2024 to 2028. In 2023, the value stood at $595 million USD. Year-on-year variations show a consistent increase: 2024 with a 1.41% rise, 2025 with 1.37%, 2026 with 1.33%, 2027 with 1.28%, and 2028 with 1.24%, resulting in a Compound Annual Growth Rate (CAGR) of 1.33% over the five-year period.

Future trends to watch for include:

Global market influences on iron ore pricing, affected by factors such as supply chain disruptions and geopolitical uncertainties.
Turkey's domestic steel production demands, which could influence import needs.
Technological advancements and investments in mining and refining processes that could impact quality and costs.
Sustainability trends and regulations, potentially driving shifts toward more eco-friendly practices in the iron and steel industry.