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

Courtesy: Rieter

Textiles | On 22nd Aug 2017

Rieter unveils new generation of RDB-D 50 draw frame

Rieter, a producer of textile machinery and automobile components,...

Courtesy: Alizilla

Textiles | On 22nd Aug 2017

‘New Retail’ strategy Alibaba’s focus in next 15 years

Alibaba executive vice chairman Joe Tsai has said that the next 15...

Courtesy: Eurovet/ Interfiliere Shanghai

Textiles | On 22nd Aug 2017

Interfiliere Shanghai to focus on textile printing

Interfiliere Shanghai, the leading trade show for intimates,...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

August 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
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

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
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

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
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

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
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


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