The forecast for the production in the knitted and crocheted apparel sector in Turkey suggests a positive growth trajectory from 2024 to 2028, with production levels moving from 26.78 billion New Turkish Liras (2024) to 34.56 billion New Turkish Liras (2028). Considering the market's performance in 2023, it stood at 25.00 billion New Turkish Liras. The year-on-year variations show steady growth: 7.5% in 2024, 7.5% in 2025, 6.8% in 2026, 6.3% in 2027, and 5.8% in 2028. The compound annual growth rate (CAGR) over these five years is approximately 6.8%.
Future Trends to Watch For:
- Increasing adoption of advanced knitting technologies could boost production efficiency.
- The rising demand for sustainable fashion may drive growth in eco-friendly material production.
- Geopolitical factors and trade agreements will likely influence export capabilities.
- Fluctuations in raw material prices could impact overall production costs and pricing strategies.
