Home / Knowledge / News / Leather sector targets new markets
Leather sector targets new markets
17
Nov '09
Turkish leather sector is looking for new markets to ward off the impact of global meltdown. The sector that used to export 95 percent of its total production has seen 27 percent reduction in the current year, against last year's export due to recession, said Mr. Turgay Yetisgin, Chairman of the Turkish Leather Foundation (TÜRDEV).

Russia, Ukraine and EU countries are the key markets of the Turkish leather sector, but global turmoil shrunk leather exports to these countries as the capacity usage slipped down by 40 percent this year. This forced the sector to shift its focus to Far Eastern countries.

Moreover, domestic demand for leather goods is limited due to the high prices and country's unfavorable climate. These issues made it crucial for the sector to find new markets even if the shipments are not better in terms of value, said Mr. Yetisgin.

Exports of leather and leather goods of Turkey to the countries such as South Korea, Singapore, Taiwan, Indonesia and Malaysia has increased by 50 percent, 90 percent, 85 percent, 54 percent and 50 percent respectively during first six months of the current year against the exports of corresponding period of 2008. Exports to Bangladesh witnessed a remarkable surge of 1,335 percent.

Besides, exports to Mexico increased by 150 percent and to New Zealand it rose by 175 percent. Even to the countries in the Middle East which normally do not prefer leather due to hot climate, the export of Turkish leather grew by 16.6 percent to $35 million during the aforesaid period compared to the same period last year.

Also, exports to Spain increased by two times, when compared with the first six months of the year 2008, while, exports to the heart of fashion, France, Italy and Spain, improved by $75 million during this period.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Johan Berlin
InvestKonsult Sweden AB

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search