Textile industry

A delegation from the leading Turkish textile and apparel associations has recently traveled to the U.S., eyeing to boost the industry's exports to the lucrative American market to at least $5 billion.

The Turkish home textile industry's export revenues stood at $5 billion last year, according to Hasan Hüseyin Bayram, head of the Home Textile Association (TETSİAD).

Local and international home textile companies met at the HOMETEX fair, which is being held between May 16 and 20.

This fair is expected to boost exports by 20 to 25 percent, said Bayram.

Last month's devastating earthquakes also affected industrial and commercial life in 11 provinces. Kahramanmaraş, the epicenter of the earthquake, and its neighboring provinces are among the most important textile and garment centers in Türkiye.

Türkiye's textile industry that has increased its share over the past years in global trade aims to become one of the top three players in the world market.

Drought is impacting cotton production, posing additional risks to Türkiye's large textile and garment industry which has seen weaker demand since June, according to people from the industry.

After having survived Greece's protracted financial crisis, albeit taking some powerful blows, the textile industry is now going under due to the Covid-19 pandemic. 

Up until a fortnight ago it still remained a dynamic part of the country's export industry, representing 10 percent of total manufacturing exports, channeling 70 percent of its production to international markets.

The Executive Agency for Promotion of Small and Medium-Sized Enterprises will work for the development of the textile industry in the country through active communication with the enterprises in the sector and the organization of business events.

Greek apparel exports enjoyed a significant rise of 39 percent in the first half of the year, compared to the same period in 2018, according to data published by the Hellenic Fashion Industry Association (SEPEE).

The total value of Greek clothing exports in January-June amounted to 453 million euros, against 325 million a year earlier.

Turkey produces some of the best quality cotton in the world, but its production volume has been declining, said the head of the Home Textiles Industry and Business Association (TES?AD) in a written statement. 

"Turkey produces one of the world's highest quality cotton. Our cotton production must increase up to 4 million tons by 2023," said TES?AD head Ya?ar Küçükçal?k. 

BELGRADE - Representatives of the Serbian textile industry on Monday urged for stepped-up inspection of the black market of textile products from China and Turkey as around 80 percent of legal Serbian clothing makers face the threat of collapsing.