Forecast: Non-Metallic Minerals Domestic Extraction in Turkey

The non-metallic minerals domestic extraction in Turkey has shown variability over the past decade. In 2023, the value stood at 522.98 million metric tons. Initially, there was a steady increase from 2013 to 2015, followed by fluctuations, including a significant drop in 2019. The year-on-year growth varied, with a notable peak in 2014 and the hardest drop in 2019. Recently, the growth remains moderate with minor increments, specifically a 1.65% increase from 2022 to 2023, indicating a stabilizing trend. The 5-year CAGR reveals a low average annual growth rate of 0.17%, with future forecasts suggesting an annual growth rate of about 1.21% over the next five years, culminating in a 6.17% overall increase by 2028.

Future trends to watch for include:

  • Sustainable sourcing and environmental regulations impacting extraction methods.
  • Technological advancements improving extraction efficiency and reducing costs.
  • Economic factors influencing the demand and production scale in the domestic market.

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