Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 22/01/2022 14:51 
14.01.2022 09:56 News >> Turkish Furniture Sector Eyes $6B In Exports In 2022

Turkish Furniture Sector Eyes $6B In Exports In 2022

Sector in 2021 beat pre pandemic levels in furniture exports, also leaping 26.4% over 2020, says sector group head.

The Turkish furniture sector, which closed out last year with exports worth $4.3 billion, in 2022 is aiming to reach $6 billion, said the head of the Furniture Industry Businessmen Association (MOBSAD).
​​​​​​​Sector exports leaped 26.4% in 2021 from 2020, and also easily beat the 2019 pre-pandemic level of $3.5 billion, Nuri Gurcan told Anadolu Agency.
The price per kilogram in the sector's exports is around $3 and can go up to $10 for members of the industry group, he said, adding: "For value-added exports, raw materials should be presented to the furniture industry on the domestic market instead of being exported."
To help do this, the country should implement raw material export limits this year, which has been declared the "year of exports," Gurcan said.
COVID-19 restrictions benefited the furniture industry as well, with the sector entering markets that China lost due to the pandemic, he said.
There has been a sharp increase in demand for Turkish furniture, especially from European countries and the US, according to Gurcan. "The European and US markets are valuable because they offer us significant gains in exports per kilogram."
The export price to these markets can reach up to $6 per kilogram. "We want to increase our exports to the US market this year to $1 billion," he said.
Gurcan suggested that more organized industrial zones should be created and more intermediate staff should be trained to meet the sector's targets.
While as of 2015 there were 400 firms making exports of more than $1 million, by 2021 this figure had more than doubled to 1,000, he said.
The Turkish furniture sector exports to 172 countries and 202 customs points, making it the world's sixth-largest furniture exporter, Gurcan said.​​​​​​​
Istanbul Furniture Fair
Turkiye's commercial and business hub is set to host the Istanbul Furniture Fair on Jan. 25-30.
Gurcan said the sector aims to achieve $2 billion in furniture exports during the event.
The fair, Europe's largest furniture event, skipped 2021 due to pandemic measures.
This year the fair will host more than 3,000 domestic and foreign brands from 50 countries, and major buyers from the US and Canada, he said.
Like previous editions, this year MOBSAD will also showcase the most expensive furniture at the fair. -



        Latest News
3 Daesh/ISIS Terrorists Killed In Northern Iraq 12 minutes ago...
Raid comes after 11 Iraqi soldiers killed in Daesh/ISIS attack.
UN Calls For Preserving Democratic Values Of Tunisian Revolution 27 minutes ago...
Antonio Guterres said UN is following with concern developments in Tunisia.
Act To End India's Vulnerability To Drug Trafficking, Experts Urge 42 minutes ago...
Periodic seizures show that India’s proximity to 2 large illicit opium producing regions makes it route for illicit drug trade.
Turkish Forces 'Neutralize' 3 PKK Terrorists In Northern Iraq 42 minutes ago...
PKK often hides out in northern Iraq to plot acts of terrorism within Turkiye.
How To Develop 'Turkiye' As A Brand 12 minutes ago...
President issued communique, changing country's internationally recognized name from "Turkey" to Turkiye.

 
      Top News
Fire In Residential Building Kills 6 In India Fire In Residential Building Kills 6 In India
Fighting Drought, Tanzania Faces Loss Of 62,000 Livestock Fighting Drought, Tanzania Faces Loss Of 62,000 Livestock
Turkiye's Borsa Istanbul Ends Week Down Turkiye's Borsa Istanbul Ends Week Down
Defending Champion Osaka Eliminated From 2022 Australian Open Defending Champion Osaka Eliminated From 2022 Australian Open
Iconic Bat Out Of Hell Star Meat Loaf Dies At 74 Iconic Bat Out Of Hell Star Meat Loaf Dies At 74
Only United Nations Bring Down Invaders, Empires: Taliban Hit Back At Biden Only United Nations Bring Down Invaders, Empires: Taliban Hit Back At Biden
Turkiye: Nearly 110,000 New Companies Set Up In 2021 Turkiye: Nearly 110,000 New Companies Set Up In 2021
Democratic US Lawmakers Urge Biden To Overhaul Counterterror Rules Democratic US Lawmakers Urge Biden To Overhaul Counterterror Rules
US Sanctions 4 Individuals Linked To Russia Over Ukraine US Sanctions 4 Individuals Linked To Russia Over Ukraine
Displaced People In Northwestern Syria Struggle In Winter Displaced People In Northwestern Syria Struggle In Winter