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2 clusters · 2 sources · 14 days · First seen · Last updated

Turkish textile and ready-to-wear industry trends

Overview

The Turkish textile and ready-to-wear sector has experienced contrasting developments across different regions and business models. In July, export hubs in Bursa and Mersin reported significant activity. Mersin saw a 163 percent year-on-year increase in ready-to-wear exports, reaching $50.1 million, while Bursa reported July exports of $91 million, led by women’s outerwear.

However, wholesale hubs such as Laleli, Merter, and Osmanbey have faced a severe economic downturn. Industry representatives reported that revenues in these districts have plummeted by 70 percent from a peak of $16 billion. This decline is attributed to rising domestic production costs, which have created a “40 percent price gap” compared to competitors, as well as reduced purchasing power in key markets due to the Russia-Ukraine war and shifting consumer interest toward China.

Entities

Uludağ Hazır Giyim ve Konfeksiyon İhracatçıları Birliği · Germany · Netherlands · Osmanbey · Laleli

Timeline

  1. 22 days ago

    [BUSINESS] 2 sources
    Turkey textile hubs face revenue collapse amid rising costs

    Turkey's textile hubs Laleli, Merter, and Osmanbey report a 70% revenue drop due to rising production costs and the Russia-Ukraine war.

  2. about 1 month ago

    [BUSINESS] 2 sources
    Turkish textile exports rise in Bursa and Mersin

    Turkish textile hubs Bursa and Mersin reported strong July export figures, with Bursa seeing $91 million in exports led by women's outerwear and Mersin achieving a 163% year-on-year growth.

Sources

cumhuriyet.com.tr · tr.euronews.com