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Sector analysis and foresights

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cinBeing one of the conventional industries of Turkey, textile industry became the touchstone of the success story of export business.

Besides, the industry decreases the unemployment ratio in the country and it makes serious contributions on the national growth. Turkish textile industry has the designs that set the trends with the specific product quality and fashion characteristics. Besides, the industry has a special place in world with its high technology. Having continued to grow in 2013, Turkish apparel and ready wear industry will continue to grow with an increasing speed in 2014. Within this context, the companies should modernize their current capacities, increase their quality and efficiencies, benefit the governmental support, follow the technological advancements, and increase the variability of their collections. The industry is required to reach the position of “Organizing Country” by using the current equipment and knowledge.

Turkish textile machinery and equipments industry continues its growth with small but stable increase ratios. The industry has the 14th rank in the world that has volume of 24 billion dollar. Considering that machinery industry covers the 3% of the general machinery industry volume, the export value of the textile machinery is expected to be 3 billion dollar in 2023. Having reached to 24 billion dollar globally, the exports of textile machinery and equipments took 48% of the total world exports with the major players China, USA, India and Germany. China covers 25% of the market whereas Turkey has 5,2% share. Each four machines is exported from the countries, China, India, USA, Germany and Turkey, Based on these basic statistics, we met with the presidents of the industry in order to make the evaluation and assessment of the year 2013 and make forecasts for the future periods.

 

 

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