Coal consumption in Turkey has demonstrated a consistent upward trajectory from 2013 to 2023, with the 2023 value standing at 1.78 Exajoules. Year-on-year variations have fluctuated, with notable increases such as 10.73% in 2016 and smaller increases like 2.01% in 2023. However, there have also been periods of decline, such as a 3.08% decrease in 2020. The compound annual growth rate (CAGR) from 2018 to 2023 is 0.79%, reflecting modest growth.
From 2024 onwards, coal consumption is forecasted to continue rising, reaching 1.92 Exajoules by 2028. The forecasted CAGR for the next five years stands at 1.23%, which indicates a tempered yet steady increase in coal consumption, culminating in a 6.3% overall growth rate by 2028.
Future Trends to Watch For:
- The increasing focus on renewable energy sources which may impact the long-term reliance on coal.
- Potential regulatory changes aimed at reducing carbon emissions.
- Technological advancements in energy efficiency and cleaner coal technologies.