The number of high growth enterprises in the wearing apparel industry in Turkey has shown notable fluctuations over the past decade, with values starting at 1.34 thousand enterprises in 2014 and reaching 1.76 thousand enterprises in 2023. Notable trends include a significant 32.08% decline in 2020, likely due to the impacts of the COVID-19 pandemic, followed by a substantial recovery of 31.86% in 2021. Recent years indicate stabilization, with an average annual growth rate (CAGR) of 1.8% over the last five years. The forecasted data suggests a modest but steady increase from 2023 to 2028, reflecting a five-year CAGR of 0.47% and a total growth rate of 2.37%.
Future trends to watch for include:
- Potential impacts of digital transformation and e-commerce growth on wearing apparel enterprises.
- The influence of sustainable fashion trends and consumer demand for eco-friendly products.
- Changes in global supply chains and their effects on Turkish apparel enterprises.
- Economic policies and trade agreements influencing the apparel sector in Turkey.
