The consumption of natural gas in Turkey's construction sector has experienced considerable fluctuations over the years. In 2023, the final consumption stood at 3.89 Thousand Gigawatthours. From 2013 to 2023, the sector witnessed significant variances, with a notable peak in 2018 at 6.24 Thousand Gigawatthours. The year-on-year changes reveal periods of both rapid growth and sharp declines, such as the substantial drop in 2014 (-22.34%) and 2019 (-46.47%). Despite this volatility, the last two years have shown modest growth rates, with 1.67% in 2022 and 1.61% in 2023. Over the last five years, the sector experienced a negative CAGR of -9.02%, yet the forecasted data from 2024 to 2028 suggests a gradual recovery, marked by a CAGR of 1.18% and an overall growth rate of 6.02% by 2028.
Future trends to watch for include:
- Technological advancements in energy efficiency in the construction sector
- Government policies promoting alternative energy sources
- Economic factors influencing construction activities
- Potential impact of international energy market fluctuations on natural gas prices