The coastal shipping freight volume in Turkey reached 22.81 Billion Tonne Kilometers in 2023, reflecting a steady increase over the past decade. The year-on-year variation for the last two years has shown a consistent upward trend with a 4.52% increase from 2021 to 2022 and a 4.07% increase from 2022 to 2023. Over the past five years, the compound annual growth rate (CAGR) stands at 5.09%, indicating a stable growth trajectory in coastal shipping demand.
Future trends suggest that the coastal shipping freight volume will continue to grow, reaching 27.14 Billion Tonne Kilometers by 2028. With a projected 5-year CAGR of 2.75% and an overall growth rate of 14.55% from 2023 to 2028, the sector is set to maintain its upward momentum. Key factors to watch include infrastructure developments, regulatory changes, and technological advancements that could influence efficiency and capacity in coastal shipping.
