Between 2013 and 2023, fuel oil consumption in Turkey’s commercial and public services sector showed notable fluctuations. From zero consumption until 2016, it spiked in 2017, followed by a significant drop in 2018 (-33.09%). The following years fluctuated with a 26.19% increase in 2019, a sharp -40.95% decrease in 2020, and a mild -15.7% decrease in 2021. In 2022, consumption surged by 121.4%, and in 2023, it increased by 26.48%, standing at 3390 Unit Gigawatthours. The 5-year compound annual growth rate (CAGR) from 2018 to 2023 was 11.96%.
For the forecast period (2024-2028), fuel oil consumption is expected to maintain a positive trend with an average annual growth rate of 7.47%, reaching an estimated 5510 Unit Gigawatthours by 2028, representing a 43.37% increase from 2023 levels.
Future trends to watch for include the potential impact of regulatory policies on fuel oil usage, advancements in energy efficiency technologies, and shifts towards sustainable energy sources that could influence the consumption patterns in this sector.