Home / Knowledge / News / Apparel/Garments / Turkey aims to export apparel worth $25 bn in 5 years
Turkey aims to export apparel worth $25 bn in 5 years
23
Jul '18
Courtesy: Pexels
Courtesy: Pexels
Turkey aims to increase its apparel exports by 50 per cent in 2018 and has a target of reaching $25 billion in export income in the next 5 years, as per the Turkish Clothing Manufacturer’s Association (TGSD). In the last couple of years, clothing industry in Turkey has been stable in terms of apparel export. In 2016 and 2017, exports were worth $17 billion.

The industry has been stable for the last two years due to geopolitical conditions in the neighbouring countries and diplomatic tension between Turkey and leading European Union (EU) countries, said Hadi Karasu, the chairman of TGSD, in an interview with Fibre2Fashion. “With our efforts, leading exporters of the sector today are overcoming this stability and the initial days of 2018 show the ready-to-wear sector is at a breaking point.”

In 2017, the local market size of ready -to-wear industry was $35 billion, the amount of knitwear exported was worth $8.90 billion and woven export was $5.95 billion. The domestic market of the country has been growing at a stable rate parallel to exports in the last couple of years, he added.

Talking about China’s ‘One Belt One Road’ initiative, Karasu said, “China's 'One Belt, One Road' project is a threat for the Turkish apparel industry. Primarily, China carries its apparel industry to Western China where cheap labour is intense. Therefore, China will be threatening Turkey by its easier access to EU and the project will be pressurising this very important competitive advantage of Turkey.”

Visiting target markets, making more efforts to make the Turkish ready-to-wear industry an international brand and supporting the industry to meet global criteria of corporate social responsibility (CSR) and sustainability will be the top three issues of TSGD’s agenda in 2018, he concluded. (KD)

Click here to read the complete interview.

Fibre2Fashion News Desk – India


Must ReadView All

FDI to be hit if EU withdraws GSP benefit to Myanmar: DICA

Apparel/Garments | On 13th Nov 2018

FDI to be hit if EU withdraws GSP benefit to Myanmar: DICA

Foreign direct investments (FDI) in Myanmar will be hit if the...

British luxury brands eye US market post Brexit

Fashion | On 13th Nov 2018

British luxury brands eye US market post Brexit

British luxury brands are exploring the US market to forge new and...

UK parliament panel asks fast fashion firms for answers

Apparel/Garments | On 13th Nov 2018

UK parliament panel asks fast fashion firms for answers

The Environmental Audit Committee in the United Kingdom has called on ...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

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

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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

Leave your Comments


November 2018

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

news category


Related Categories:

Advanced Search