The turnover in the Mining and Quarrying sector in Turkey registered at 135.30 billion New Turkish Liras in 2023. Forecasts indicate a robust growth trajectory from 2024 to 2028. Starting from 151.46 billion in 2024, it is expected to rise sequentially, reaching 215.18 billion by 2028. This represents an anticipated year-on-year increase of 10.67% for 2025, 9.55% for 2026, 8.63% for 2027, and 7.86% for 2028. The compound annual growth rate (CAGR) over the five-year period is projected at approximately 9.44%, indicating a stable and consistent upward trend.

Future trends to watch for:

Potential impacts of global commodity prices on the sector’s turnover.
Implementation of new mining technologies and their effect on operational efficiency and output.
Regulatory changes and environmental policies impacting sector growth and investment.
Fluctuations in foreign exchange rates and their influence on the sector’s international trade relationships.