Forecast: Value Added of Textiles and Wearing Apparel in Turkey

The value added of textiles and wearing apparel in Turkey has shown a robust trend from 2013 to 2023. Starting at 56.44 Billion New Turkish Liras in 2013, it reached 170.94 Billion in 2023, displaying a significant long-term growth trajectory. Notable annual growth rates were observed, especially during 2017 and 2018. However, growth has gradually slowed in recent years, with the year-on-year growth rate dropping to 4.79% in 2023.

From 2024 and beyond, forecast data suggests a more modest increase, with a 5-year CAGR of 3.07%, predicting a value of 207.71 Billion by 2028. This indicates a more stabilized growth phase compared to the previous decade.

Future trends to watch for:

• Technological advancements in textile manufacturing.
• Changes in global trade policies impacting export dynamics.
• Shifts in consumer preferences towards sustainable and eco-friendly apparel.
• Economic policies and inflation rates in Turkey.