The copper refinery production in Turkey has shown considerable fluctuations over the past decade. After a dip in 2014 by 7.4%, the production saw a substantial increase of 17.81% in 2015, only to drop dramatically by 37.62% in 2016. However, the production quickly rebounded, reaching a peak with an 81.3% increase in 2017 and continued to grow steadily through 2018. Although a slight decline occurred in 2019 and 2020, the production figures bounced back with a robust 24.27% increase in 2021. By 2023, the production stood at 133.18 Thousand Metric Tons, increasing moderately with a year-on-year increase of 2.84%.
Looking to the future, forecasts from 2024 to 2028 suggest a steady upward trend in copper refinery production, with a projected 5-year CAGR of 2.12% and an overall growth rate of 11.06% by 2028. This anticipated growth implies that Turkey is expected to sustain a stable increase in copper refinery production, reaching 152.39 Thousand Metric Tons by 2028.
Trends to watch for in the coming years include the impact of technological advancements in refining processes, environmental regulations affecting copper production, and shifts in global copper demand and supply chains that may affect Turkey's production capacities and export opportunities.
