The coastal freight transport sector in Turkey has shown a steady growth from 2013 to 2023. In 2023, the sector stood at 22.23 Billion Tonne Kilometers. Key milestones include a significant year-on-year increase in 2020 by 17.77%, possibly driven by recovery from earlier dips. The sector experienced an average variation per year (CAGR) of 4.54% over the last five years, indicating a healthy upward trend. Forecasts predict continued growth at a five-year CAGR of 2.33%, anticipating the sector to grow to 25.75 Billion Tonne Kilometers by 2028.
Future trends to watch for:
- Impacts of environmental regulations on shipping efficiency and costs
- Technological innovations in logistics and supply chain management
- Potential market shifts due to global economic fluctuations
