TÜRKIYE CLOTHING EXPORTERS GACEING TOUGH TIMES IN THE SHORT TERM – BUT RECOVERY COULD COME SOONTÜRKIYE CLOTHING EXPORTERS GACEING TOUGH TIMES IN THE SHORT TERM – BUT RECOVERY COULD COME SOON
December 28th, 2023
Türkiye's garment and cotton sectors have suffered from a slowdown in demand in American and European markets, with more than 1,000 of the country’s garment manufacturing companies closing in 2023. Also, more than 85,000 employees within the sector in Türkiye were laid off this year, say industry sources. Cotton production – a key backward linkage and supply chain strength in is forecast to have dropped by nearly 30% year-on-year in Türkiye as a result.
“It was good for the first half of the year, due to orders left over from 2022, but then we ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.