The value added of water collection, treatment, and supply in Turkey has shown a mix of fluctuations and strong growth over the past decade. As of 2023, the sector reached 9.58 Billion New Turkish Liras, displaying a steady upward trend. The year-on-year variation from 2022 to 2023 marked a 3.68% increase. Over the last two years, the industry experienced an average annual growth rate of about 6.53%. The five-year CAGR leading up to 2023 stands at around 3.69%, indicating sustained growth despite some volatility.
From 2013 to 2023, the value added underwent periods of rapid increases, notably between 2014 and 2018, where clear significant jumps linked to infrastructural and environmental investments were observed. However, there were minor declines or near-stagnant years, which reflected economic and external factors impacting the sector.
Looking ahead, the forecast suggests a continued but more moderate growth with a forecasted five-year CAGR of 2.69%, projecting the value added to reach approximately 11.34 Billion New Turkish Liras by 2028, marking a forecasted overall growth rate of 14.21% from 2023.
Future trends to watch for include advancements in water treatment technology, governmental policies on sustainability and environmental preservation, and investments in infrastructure catering to Turkey’s growing urban population. Climate change impacts and international cooperation for water resource management will also play critical roles in shaping the industry's trajectory.
