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

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...

Global footwear makers' forum denies membership to Myanmar

Apparel/Garments | On 18th Nov 2017

Global footwear makers' forum denies membership to Myanmar

The Confederation of International Footwear Associations (CIFA), a...

Courtesy: Differential Brands

Apparel/Garments | On 18th Nov 2017

Differential Brands gross profit up 15% in Q3 FY17

Differential Brands, a portfolio of global premium consumer brands,...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

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...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Eamonn Tighe
Nature Works LLC

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

Johan Berlin
InvestKonsult Sweden AB

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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