Turkey's exports of solid fossil fuels were at approximately 20.00 Thousand Terajoules in 2023. For the years 2024 through 2028, the forecasted values are 22.12, 25.13, 28.11, 31.06, and 33.98 Thousand Terajoules respectively. This data suggests a robust upward trend. Year-on-year variations demonstrate a steady increase: 13.71% from 2023 to 2024, 13.59% from 2024 to 2025, 11.84% from 2025 to 2026, 10.49% from 2026 to 2027, and 9.41% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is 11.24%.
Future trends to watch for include potential changes in global energy policies, environmental regulations, and advancements in renewable energy technologies, which could influence the demand and export volumes of fossil fuels. Additionally, geopolitical developments and trade agreements will play crucial roles in shaping Turkey's export landscape in the coming years.
