HomeBricks & MortarTurkish Furniture Industry Soars to Global Heights

Turkish Furniture Industry Soars to Global Heights

Turkish Furniture Industry Soars to Global Heights

Turkey’s furniture sector is experiencing remarkable growth, cementing its position as a key player in the global market. According to Trade Minister Ă–mer Bolat, the country’s furniture exports now account for 2 percent of the world’s total, elevating Turkey to seventh place among global furniture exporters.

At the opening of the International Istanbul Furniture Fair (IIFF), Bolat highlighted the sector’s extraordinary success, noting that Turkish furniture exports have surged from $250 million in 2002 to $4.5 billion today – a remarkable eighteenfold increase. This growth is underscored by the country’s increasing focus on quality, innovative design, and aesthetic craftsmanship, positioning Turkish furniture as a competitive force in the global marketplace. The IIFF, organized by the Federation of Furniture Associations (MOSFED), has become a major event on the international furniture calendar. This year, Istanbul’s Expo Center and TĂ¼yap Expo Center have transformed into expansive exhibition hubs, showcasing Turkey’s growing presence in the global furniture trade. With more than 1,000 companies participating, the fair highlights the diversity and sophistication of Turkish furniture products, which range from high-end designs to functional, mass-market options.

In addition to its success in furniture exports, Turkey’s broader wood, forest, and paper products sector also contributes to its robust performance in the global market. Bolat noted that when these products are included, the total export volume for the sector reaches an impressive $8 billion annually. Looking ahead, the Turkish government aims to build on this momentum, setting a target of $12 billion in exports. The government’s support for the industry is evident, with Bolat revealing that the Trade Ministry provided 87.5 million Turkish Liras in booth support for last year’s fair, and this year will contribute subsidies covering 50% of participation costs for over 1,000 companies. This growth trajectory reflects Turkey’s broader strategy of transforming its manufacturing sectors into global leaders, driven by a commitment to innovation, quality, and design excellence.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Sattva Group Introduces New Premium Residential Community In West Bengaluru

Sattva Group Introduces New Premium Residential Community In West Bengaluru

0
West Bengaluru’s residential corridor along Mysore Road is witnessing renewed development momentum with the launch of a large premium housing project by Sattva Group,...
Dalmia Cement Secures Approval for Major Capacity Expansion

Dalmia Cement Secures Approval for Major Capacity Expansion

0
Dalmia Cement has received regulatory clearance from the Bihar government to significantly scale up production at its manufacturing facility in Rohtas district, marking a...
BA Continuum Acquires Large Powai Office In Mumbai

BA Continuum Acquires Large Powai Office In Mumbai

0
Mumbai’s commercial real estate sector marked a significant transaction as BA Continuum India, a subsidiary of Bank of America, secured a 1.11 lakh sq...
Bollywood Actor Tusshar Kapoor Family Exits Chandivali Office Asset in Rs 559 Cr Deal

Bollywood Actor Tusshar Kapoor Family Exits Chandivali Office Asset in Rs 559 Cr Deal

0
A high-value commercial real estate transaction involving Bollywood actors Tusshar Kapoor and veteran star Jeetendra has underscored the growing depth of Mumbai’s mid-city office...
Olive Group Targets Navi Mumbai Airport Growth Zone

Olive Group Targets Navi Mumbai Airport Growth Zone

0
As large-scale transport infrastructure begins reshaping development patterns across the Mumbai Metropolitan Region, Olive Group has outlined a renewed development strategy centred on the...