The underground production of coking coal in Turkey experienced several fluctuations between 2013 and 2023. Starting in 2013 with 817 thousand metric tons, production saw a peak in 2014 at 861 thousand metric tons before witnessing a general downward trend. As of 2023, the production stood at 650.29 thousand metric tons. In 2022, production increased by 6.01%, but it decreased slightly by 0.99% in 2023. Over the last five years, the compound annual growth rate (CAGR) has been -1.24%, indicating a generally declining trend in production.
Looking forward, forecasted data from 2024 onward suggest a continued decline in production volume. By 2028, production is expected to fall to 542.57 thousand metric tons, reflecting a forecasted 5-year CAGR of -2.89%. This projection implies a cumulative decrease of 13.65% by 2028.
Future trends to watch for:
- Market demand: Fluctuations in global demand for coking coal could impact production volumes.
- Regulatory changes: New regulations regarding mining practices and environmental impact may influence production capabilities and costs.
- Technological advancements: Innovations in mining technology could either mitigate production declines or introduce more efficient methods.
- Economic factors: Broader economic trends such as investment levels in the mining sector and international trade dynamics will also play a key role.
