The coal production sector in Turkey experienced significant fluctuations over the past decade. Production value, expressed in Billion New Turkish Liras, showed a declining trend from 2013 to 2015, with a year-on-year contraction of -15.63% in 2014 and a small decrement of -4.64% in 2015. However, there was a modest recovery beginning in 2016, evidenced by a 3.16% increase, followed by a more substantial increase in 2017 by 8.82%. The most notable growth occurred in 2018 with a 43.49% year-on-year spike. Post-2019, the production steadily rose with percentages varying between 3.75% and 16.05%.
In 2023, the production value stood at 9.7 Billion New Turkish Liras, reflecting a continued upward trend with an average growth rate (CAGR) of 8.2% over the past 5 years. Forecast data suggest this growth will persist, reaching 11.32 Billion New Turkish Liras by 2028, albeit at a slower forecasted CAGR of 2.45%.
Future trends to watch for include potential regulatory changes and environmental policies which could influence coal production. Additionally, advancements in renewable energy could impact the sector's growth and necessitate a strategic pivot. Monitoring global energy markets and domestic energy demands will remain crucial.
