The number of dry bulk carriers in Turkey has experienced significant fluctuations over the past decade. The value stood at 30.64 thousand in 2013 and saw a general downward trend due to several economic factors, reaching a low of 14.88 thousand in 2019. A minor recovery began in 2020, with values slightly increasing from 15.03 thousand to 16.9 thousand in 2023. The CAGR over the last five years has been -5.8%, reflecting the overall decline. However, a positive shift is projected from 2024 onwards, with a forecasted CAGR of 2.15% and an 11.24% growth rate over the next five years, reaching 19.36 thousand by 2028.

Future trends to watch for:

Economic recovery and potential growth in Turkey's trade sector.
Technological advancements and innovations in shipping and logistics.
Environmental regulations impacting new shipbuilding and decommissioning rates.
Market dynamics, including demand and supply fluctuations in the global shipping industry.