The domestic material consumption of chemical and fertilizer minerals in Turkey is forecasted to grow from 27.25 million metric tons in 2024 to 29.37 million metric tons by 2028. This shows a consistent year-on-year increase ranging between 2% and 2.4%. The average compound annual growth rate (CAGR) over the five years is approximately 1.9%. As of 2023, the actual consumption stood at 26.73 million metric tons, indicating a gradual but steady growth trajectory.
Future trends to watch for include:
- Potential impacts of global supply chain disruptions on material availability and pricing.
- Government policies and incentives promoting sustainable agricultural practices, which could influence fertilizer use.
- Technological advancements in agriculture and mining that may affect consumption patterns.
