October 3, 2022
  • October 3, 2022

Turkish textile industry hits record with $12.9 billion in exports

By on January 12, 2022 0

Turkey’s textile industry, the 5th largest textile exporter in the world, reached the highest record of all time with an export value of 12.9 billion dollars with an increase of 33.2 in 2021. L he industry has seen an increase in exports to about 85% of the more than 200 countries and regions to which it exports. It reached the highest monthly export figure ever in December, up 18.2% from the same period a year earlier, with an export figure of 1.2 billion dollars. The figures increased by 2.1% compared to November 2021 and represented 5.4% of Turkey’s total exports.

In December 2021, Turkey’s general exports increased by 24.9% and reached a value of $22.3 billion, while exports of industrial products increased by 27.6% and reached a value of $16.9 billion. The average capacity utilization rate of the manufacturing industry over the past 12 months was 76.6 percent, according to the capacity utilization report announced by the Central Bank of the Republic of Turkey. During the same period, the capacity utilization rate, which was 80.5% in the production of textile products, decreased by 1.4% compared to November 2021, increased by 5% compared to December 2020.

Turkish textile industry increases exports to the United States

Chairman of the Istanbul Textile and Commodity Exporters Association (İTHİB) Board of Directors, Ahmet Öksüz, assessed the textile industry’s 12-month export figures and said; “We have beaten the historical record of the republic in terms of exports to the European, American, Asian, African and Turkish continents. We have achieved the biggest textile export ever to 96 countries and regions. One of the most enjoyable developments for our industry has been our exports to the United States. In 2021, we shipped $839 million worth of exports to the United States, one of our key target markets. We have steadily increased our exports to the United States over the past 3 years. In 2022, we expect to export more than $1 billion to the United States”.

Most exports were to the EU in 2021

Most exports of textiles and raw materials were made to EU (27) countries during the period January-December 2021. Exports to EU countries reached a value of 12.9 billion with an increase of 33.8% compared to the period January-December of 2021. last year. While the second group of countries to which Turkey exports the most textiles and raw materials in 2021 were the former Eastern Bloc countries, exports to this region increased by 30.2% over the period January- December, reaching $1.4 billion. Exports to EU countries in quantity increased by 23.5% and amounted to 2.9 million tonnes in the period January-December 2021.

The countries with the highest textile exports in 2022 are respectively Italy with an export value of 1.1 billion dollars increasing by 52.5%, Germany with an export value of 1 billion 11.2% increase and the United States with an export value of 840 million dollars increased by 33.7%. In 2021, exports to EU countries, the sector’s largest export market, increased by 33.8% and amounted to approximately $6 billion. Ahmet Öksüz said that they expect exports to the EU to reach $7.5 billion in 2022. The countries with the highest increase in exports are; Belarus up -75%, Spain up 61% and Egypt up 59.9%. There was an increase in all the top 10 countries to which Turkey exports the most textiles and raw materials during this period.

During the period January-December 2021, exports of the Turkish textile and raw materials sector increased by 23.5% compared to the same period of the previous year and amounted to 2.9 million tons . The country with the largest increase in exports based on quantity during this period among the top ten countries was China, the 8th largest export market for the sector. During this period, exports of textiles and raw materials to China increased by 152.2% and reached a value of 94,000 tons.

Turkey’s textile industry reached its historic peak with an export figure of $12.9 billion

“Turkey is the EU’s biggest supplier in the knitting industry”

During the period January-December 2021, the most exported product groups were yarn with an increase of 67.6%, woven fabrics with an increase of 25.8% and technical textiles with a decrease of 14, 5%. Ahmet Öksüz pointed out that home textiles worth $2.3 billion and knitwear worth $2.1 billion were exported in 2021 and said they had reached the levels of all-time highest exports in the home textile and knitwear industries. Öksüz said; “We have a share of over 10% in home textile imports from our biggest export market, the EU. We are the EU’s largest supplier in the knitwear industry. The Turkish knitwear sector accounts for 42.4% of EU knitwear imports. We expect our success in the home textile and knitwear industries to continue into 2022. Additionally, we will drive export action for our woven fabrics and technical textiles sectors in 2022.”

Öksüz said that Turkey’s textile industry is the second largest supplier to EU countries and noted that its goal is to set a new record with exports worth $15 billion in 2022. Öksüz said relayed that companies have strengthened their position in the supply chain by implementing new investments. quickly especially in 2021 and added; “In 2022, we will be champions not only of exports but also of investments, investments of 10 billion lira will be implemented in a short time. We are rapidly approaching our medium-term objective of becoming one of the world’s top 3 textile exporting countries in this context”.