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North African turmoil to aid Turkish apparel exports
20
Apr '11
Textile exporters recently said that, due to likely shift in demand for textile items from North Africa to Turkey, Turkey's textile export volume may grow to $17 billion per annum, with shuttle trade significantly contributing to the situation.

Hikmet Tanriverdi, Chairman of the Istanbul Textile and Apparel Exporters' Association, or ITKIB, while addressing a press conference in Istanbul, said that, the association has now set its focus on North Africa and the Middle East, and added that, they are eyeing a considerable rise in ready wear exports from Turkey, this year.

The country exported ready wears worth $15.7 billion during 2008, and is expected to once again attain the same heights this year. Rather it may even go beyond that to touch $17 billion, with North Africa's incapability to fulfil the textile demand, playing a significant part in the rise.

Due to continued political unrest, Turkey's exports to the Middle East and North Africa fell by 28 percent, during the initial three months of current year. The highest fall was witnessed in country's exports to Libya which dropped by 51 percent, while exports to Egypt and Tunisia too dropped by 36 and 28 percent, respectively, Tanriverdi revealed.

Kemal Sahin, Board Chairman of Sahinler Holding while addressing the meeting said that, in spite of the regional chaos, the firm's Egypt based production facility raised its sales by 65 percent during the initial three months of the current year, while its Jordan based facility, which engages in production of suits for men and women too registered a 84 percent rise.

During the review period, the firm achieved an overall growth of 35 percent, as over corresponding period of 2010.

Fibre2fashion News Desk - India


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