Forecast: Fossil Energy Production in Turkey

From 2013 to 2023, Turkey's fossil energy production displayed significant fluctuations, with an initial decline, notably in 2013 by 11.04%, followed by variable growth rates. The production peaked between 2018 and 2019, showing an 11.04% increase in 2018 and a 4.81% increase in 2019. The pandemic year 2020 saw a decline of 10.25%, but production rebounded with a 12.87% increase in 2021. As of 2023, the fossil energy production stood at 923.93 Thousand Terajoules, reflecting a modest 2.74% year-on-year increase. The last five years showed an average annual growth rate (CAGR) of 1.2%.

Looking ahead, forecasted data indicates a slight but steady increase in production, with a 0.48% average annual growth rate expected over the next five years. This suggests a cumulative growth rate of 2.4% by 2028. Key trends to watch include the impact of regulatory changes, advancements in alternative energy sources, and potential investments in fossil fuel technology, which could influence future production levels.