Home / Knowledge / News / Apparel/Garments / Turkey's apparel exports to touch $18.4bn in 2014: TGSD
Turkey's apparel exports to touch $18.4bn in 2014: TGSD
09
Jan '14
Mr. Negrin at the TGSD panel
Mr. Negrin at the TGSD panel
Turkey exported apparel worth US$ 17 billion during 2013, and the country is expected to export garments worth US$ 18.4 billion during 2014, said Turkey Clothing Manufacturers Association (TGSD) president Cem Negrin, at the recent panel discussion held at TGSD in Istanbul.
 
According to a statement issued by TGSD, Mr. Negrin said in 2012 the country exported apparel products worth US$ 16.1 billion, which increased by nearly 8 percent to US$ 17.3 billion in 2013.
 
Spending on apparel in the domestic market also surged by 6 percent to 50 billion Turkish lira (approx. US$ 22 billion), whereas the organized retail market recorded a jump of 10 percent and touched 31.5 billion Turkish lira (approx. US$ 14 billion) in 2013, he said while speaking at the TGSD panel.
 
The TGSD official said that in 2014 the economic recovery in the European Union (EU) would have an extremely positive impact on the Turkish clothing industry, which will raise the apparel exports by nearly US$ 1 billion to US$ 18.4 billion next year.
 
The TGSD panel held under the theme ‘Future Purchasing Strategies and Prospects’ saw participation from representatives and senior executive of various apparel and retail firms such as Marks & Spencer, Li & Fung, LC Waikiki, Cherryfield, Perseus, Apparel Lab, Spring Near East Manufacturing and Koton.
 
At the panel, Li & Fung executive vice president Fatya Mamcu said Li & Fung has plans for expansion in Turkey as it is a growing market, by opening 312 separate manufacturing plants in 22 different cities of the country. The investment in Turkey would continue, Mamcu added.
 
Koton supply manager Akim Simsek said in 2013, the firm saw a growth of 42 percent and in 2014 the target is set at 43 percent, especially with increasing the number of stores by 20-30 percent. Koton is aiming to reach the turnover of US$ 2.7 billion in 2014, he added.
 
Several senior executives and representatives from various firms attended the TGSD panel organized by TGSD with support from Kimtex textile firm. The panel was held with the objective of discussing various strategies for the apparel and retail sectors during 2014 and about future prospects of the sectors.
 

Fibre2fashion News Desk - India


Must ReadView All

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Apparel/Garments | On 18th Nov 2017

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Sri Lanka’s apparel exports from January to September 2017 has...

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Apparel/Garments | On 18th Nov 2017

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Bangladesh Prime Minister Sheikh Hasina has said two more leather...

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search