Industrial sand and gravel production in Turkey has exhibited a steady growth trajectory from 2013 to 2023, with volumes increasing from 7.97 million metric tons in 2013 to 11.02 million metric tons in 2023. Notably, a significant dip occurred in 2020, with production dropping by 13.94% year-on-year. However, the industry swiftly recovered, recording a notable 24.68% increase in 2021.
From 2019 to 2023, the compound annual growth rate (CAGR) stood at 3.5%, while the most recent two years, 2022 and 2023, saw year-on-year growth rates of 3.3% and 3.13% respectively.
Looking forward, the forecasted data indicates continued growth, with a projected CAGR of 2.31% over the next five years, reaching 12.76 million metric tons by 2028. This represents an overall increased forecast growth rate of 12.12% over the same period.
Future trends to watch for include potential impacts of economic fluctuations, technological advancements in extraction and processing, and regulatory changes which may affect production capacities and market demand.
