LOCAL COSMETICS FIRMS IN TURKEY STRUGGLE TO SURVIVE AGAINST INTERNATIONAL COMPETITION
January 1st, 2014
TURKEY’S cosmetics market is continuing to expand rapidly, despite slowing economic growth in the country as a whole over recent years. GDP rose by an average of 5.2% per year between 2002 and 2011, before slumping to 2.2% in 2012. Growth of 3.7% was forecast for 2013, with similar growth also expected in 2014.According to data from market researchers Euromonitor International, the value of the Turkish market for beauty and personal care grew 15.4% to EUR3 billion in 2012, and was forecast to grow by 10% to EUR3.3 billion in 2013, and to EUR4.7 billion by 2017, ...
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.