Based on the provided data, the final consumption of hard coal in Turkey is forecasted to decline from 8.54 million metric tons in 2024 to 7.47 million metric tons in 2028. Compared to the previous year, the forecast for 2024 marks a slight reduction from the actual consumption in 2023, standing at 8.54 million metric tons in 2024.
The annual year-on-year percentage change shows a consistent downward trend:
- From 2024 to 2025, the consumption is expected to decrease by approximately 3.16%.
- From 2025 to 2026, a decline of around 3.26%.
- From 2026 to 2027, there is a forecasted reduction of 3.38%.
- From 2027 to 2028, the consumption is projected to drop by 3.36%.
Over the five-year period from 2024 to 2028, the average yearly decrease in hard coal consumption, or CAGR, stands at approximately -3.29%.
Future trends to watch for include the impact of alternative energy sources, governmental policies on coal consumption and climate action commitments, and technological advancements in energy efficiency that may further influence the decline in hard coal utilization.