The turnover in Turkey's Water Collection, Treatment, and Supply sector has shown a steady growth trend over the years from 2013 to 2023. Starting at 8.12 billion new Turkish liras in 2013, the turnover increased notably each year, peaking at 19.4 billion new Turkish liras in 2023. Over the forecast period from 2024 to 2028, the sector is projected to continue its upward trajectory, albeit at a modest pace, reaching 20.73 billion new Turkish liras by 2028.
Year-on-year growth rates reveal significant variations:- From 2013 to 2018, the sector experienced robust growth rates, with the highest increase of 30.08% in 2015.- Since 2019, the growth has stabilized with minor fluctuations, showing minimal increases year-on-year, such as 1.39% in 2021 and 1.44% in 2023.
The compound annual growth rate (CAGR) reflects the broader trend, with a high CAGR of 20.41% during the early period (2013-2016) and gradually slowing to 1.17% in 2023. The anticipated CAGR from 2024 to 2028 stands at 1.06%, indicating a more stable but slower growth phase ahead.
Future trends to watch include:- The impact of regulatory changes in environmental policies, which could influence the sector's operational costs and revenue.- Technological advancements in water treatment and supply that could drive efficiency and reduce overheads.- Potential fluctuations in economic conditions, which may affect public and private investments in water infrastructure.
