The exports of coal tar in Turkey have demonstrated notable fluctuations over the past decade. Starting from 95 thousand metric tons in 2013, the trend showed oscillation with significant peaks and drops, e.g., a high of 150 thousand metric tons in 2020, and notable lows like 85 thousand metric tons in 2015 and 2018. By 2023, the volume stood at 136.8 thousand metric tons, reflecting a relatively moderate year-on-year growth of 2.39% and a 5-year CAGR of 9.98%, indicative of steadier positive trends in recent years.
Looking ahead from 2024, forecasted data suggest a steady growth rate with exports expected to incrementally increase each year, reaching approximately 152.53 thousand metric tons by 2028. The forecasted 5-year CAGR of 1.73% and total forecasted growth rate of 8.97% suggest a period of modest, but consistent expansion.
Future trends to watch for include:
- Global demand shifts, especially from emerging markets.
- Regulatory changes impacting production and export processes.
- Technological advancements in coal tar processing and usage alternatives.
These factors could affect the growth trajectory and stability of coal tar exports in the years ahead.
