The actual value for the export of silica sands and quartz sands from Turkey in 2023 was not provided, but based on the given forecast data, there is a consistent upward trend in export volume from 2024 to 2028. In 2024, the forecasted export volume is 42.358 million kilograms, increasing gradually each year to 43.689 million kilograms in 2028. This indicates a steady year-on-year growth in export volume.
Year-on-year percentage variations for the forecasted data are as follows:
- 2024-2025: An increase of approximately 0.8%
- 2025-2026: An increase of approximately 0.8%
- 2026-2027: An increase of approximately 0.8%
- 2027-2028: An increase of approximately 0.7%
Looking at the Compound Annual Growth Rate (CAGR) over the 5 years from 2023 to 2028, the average annual variation is around 0.8%, signaling a modest but steady growth trend.
Future trends to watch for include potential changes in global demand for silica and quartz sands driven by technological advancements and industrial applications, as well as any environmental regulations that could impact production and export capabilities. Additionally, keeping an eye on competition from other major exporters will be crucial for assessing Turkey’s market position.
