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Impact of inflation on Turkiye's apparel manufacturing and exports

28 Sep '24
9 min read
Impact of inflation on Turkiye's apparel manufacturing and exports
Pic: Adobe Stock

Insights

  • Apparel industry of Turkiye has faced severe challenges due to soaring inflation, rising production costs, and currency devaluation.
  • Inflation effects on apparel industry resulted in weakening of the country's export competitiveness.
  • Despite an export value recovery in ********, **** saw a decline, due to rising production costs in Turkiye and competitors like China and Bangladesh outpacing it.

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