Forecast: Textiles and Clothing Value Added in Turkiye

The textiles and clothing sector in Turkiye has experienced fluctuating value-added metrics over the past decade. From 2013 to 2016, there was a steady decline in value added, followed by minor fluctuations. The period from 2017 to 2021 saw a continued downward trend, with a brief uptick in 2019. The most recent data indicates stability from 2023 onwards, with projected values remaining constant through to 2028. The Compound Annual Growth Rate (CAGR) over the last five years indicates an average annual decline of around 1.23%.

Future trends to watch for include:

• Technological advancements in textile manufacturing that could enhance productivity and value addition.
• Global economic conditions and their impact on export demand.
• Government policies and incentives aimed at boosting the textile sector.
• Sustainability practices and their adoption in textile production.