From 2013 to 2023, Turkey's imports of coking coal have shown considerable fluctuations. The year-on-year variation highlights periods of both growth and decline. For instance, there were noticeable increases in 2015 (8.51%), 2018 (14.49%), 2019 (6.17%), and 2022 (15.94%), each indicating a resurgence in demand. Conversely, substantial declines were seen in 2014 (-5.09%), 2017 (-8.98%), 2020 (-3.94%), and 2021 (-10.32%), reflecting periods of reduced imports.
By 2023, the imports stood at 6.48 million metric tons. The last five years demonstrate an annual average variation (CAGR) of 1.42%, signaling moderate but steady growth. Regarding forecasted data from 2024 to 2028, the CAGR is projected to be 0.89%, indicating a slowing but consistent growth rate, with an overall forecasted growth rate of 4.53% over the next five years.
Future trends to watch for include technological advancements in steel production, shifts toward alternative energy sources, and global market dynamics affecting coal supply. Sustainable practices and regulatory changes will also play critical roles in shaping the future of coking coal imports in Turkey.
