Due to the continued rise in freight rates and the high transportation costs on China-Europe routes, it is expected that Turkey’s exports of textiles, clothing, and home textiles will grow during the second half of this year. The freight cost for China’s exports to Italy is more than five times that of Turkey’s exports to Europe, giving Turkey a competitive advantage.
As most countries have begun to increase vaccinations, coupled with mandatory control measures and emerging business models to curb the spread of the epidemic, global demand for clothing and textiles continues Rise, which promotes Turkey’s textile and clothing exports.
According to the Fibre2Fashion market analysis tool TexPro, the export value of Turkish textiles, clothing, and home textiles in January 2021 was US$2.33 billion, with a growth of 14.99% in the first quarter of 2021. It reached $2.68 billion in March 2021. Exports increased to US$2.79 billion in June 2021 and are expected to reach US$2.96 billion in December 2021.
