The historical data on coal tar available for final consumption in Turkey shows significant volatility over the past years. The series started at 2.06 thousand terajoules in 2013, peaked at 2.6 thousand terajoules in 2015, and has experienced substantial yearly fluctuations thereafter. Notably, consumption significantly dropped to 0.86666 thousand terajoules in 2016, then saw an increase in 2017 before continuing a downward trend. The year 2021 witnessed a severe decline of 40.29%, and by 2023, consumption stood at 0.63675 thousand terajoules.
For the forecast period from 2024 onwards, coal tar consumption is projected to continue its declining trend, anticipating a consistent yearly average reduction (CAGR) of 16.7%, resulting in a 59.89% total decrease by 2028.
Future trends to watch for:
- Potential impacts of environmental policies and regulations on coal tar consumption.
- Advancements in alternative materials and technologies reducing reliance on coal tar.
- Market shifts driven by economic factors and energy consumption patterns in Turkey.
