The volume of international rail freight transport in Turkey has shown significant fluctuations over the past decade. After a period of decline from 2013 to 2017, the trend reversed with a substantial jump in 2018 and strong growth leading up to 2023. In 2023, the volume stood at 2,360 million tonne kilometers, marking a 17.39% year-on-year increase. The compounded annual growth rate (CAGR) over the last five years was an impressive 32.36%.
Between 2023 and 2028, the volume is forecasted to grow at a CAGR of 7.09%, resulting in a 40.86% overall increase. This indicates a more moderate but steady growth trajectory compared to previous years.
Future trends to watch for include:
- Impact of infrastructure investments and new rail initiatives.
- Shifts in global trade patterns that could influence freight demand.
- Technological advancements in rail logistics and its adoption in Turkey.
- Potential regulatory changes within Turkey and in international agreements.
