The opening stock of oil products in Turkey has experienced several fluctuations over the years. From 2013 to 2023, we observed a significant overall increase, with stocks reaching 5.8 million metric tons in 2023. The year-on-year variation indicates notable growth, notably in 2016 (15.93%) and 2019 (13.31%), while some years, such as 2014 and 2015, showed a slight decrease. The CAGR over the last five years (2018-2023) stands at 4.17%, highlighting steady growth.

Future trends to watch for:

Forecasted data from 2024 to 2028 suggests continued growth, with a forecast 5-year CAGR of 2.86% and an overall growth rate of 15.14%.
Potential impacts of geopolitical tensions and global oil market fluctuations.
Shifts in Turkey’s energy policy and sustainability initiatives.