Textile and its raw material industry obtained an approximate of 2.5% increase in 2017 while Turkey’s general export increased around 10%. Ready to wear and garment industry stayed at nearly the same level as the previous year. Even though we can’t talk about a serious increase for both of the industries we also can’t monitor a shrinkage. Textile and garment exporters have focused their growth targets to 2018.
Board Chairman of Istanbul Textile and Raw Materials Exporters Association (İTHİB) İsmail Gülle disclosed his 2018 expectations to AA. İsmail Gülle expressed that applications that opens the way to exports such as providing exporters with green passport, new government incentives, Credit Guarantee Fund (KGF) and Eximbank’s strong and effective solutions for financing requirements will put out an image of Turkey growing through exports.
Gülle: Textile sector breaks record in 2017
İsmail Gülle pointed out to exporters providing growth through increased production, employment and exports despite credit rating agencies lowering Turkey’s credit rating. Arguing textile and its raw material industry has broken the record in 2017, Gülle highlighted that the year was closed with 10 billion USD worth of export. Mentioning an 11.1% increase in Q3 of 2017; Gülle recorded the effects of production industry, service industry and exports increase in the growth.
“We forecast a similar increase and export trend in 2018” said Gülle; while pointing out to the new strategies developed in order to increase the exports. Gülle said industry growth numbers and the increase in capacity usage rates are reporters for new investments and employment.
Ready to wear industry is focusing on the EU market
Indicating a 3% increase in exports in the first 11 months of 2017; Hikmet Tanrıverdi, Chairman of İstanbul Apparel Exporters’ Association (İHKİB) stated that; the year will be closed with 17 billion USD worth of exports. Sorting the most important markets for the industry as Germany, UK, Spain, Russia and Iraq; Tanrıverdi argued that the exports will be better since the reconciliation in EU relations. Tanrıverdi forecasted a 8 – 10% increase in ready to wear and apparel export in 2018.