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

CTO Realty Growth reports strong NOI growth

CTO Realty Growth reports strong NOI growth

0
CTO Realty Growth has reported its strongest operational performance in recent years, citing record leasing volumes, rising occupancy and improved income metrics, as the...
Kolkata riverfront development gets Rs 5000 crore push

Kolkata riverfront development gets Rs 5000 crore push

0
Eden Realty Group has outlined a Rs 5,000 crore investment roadmap aimed at reshaping Kolkata’s eastern river edge, beginning with the launch of a...
India Sothebys luxury housing advisory deepens

India Sothebys luxury housing advisory deepens

0
India Sotheby’s International Realty has formalised a joint venture with UK-based design practice Interiors With Art, expanding its role from luxury property brokerage to...
Essential Properties Realty Trust raises capital

Essential Properties Realty Trust raises capital

0
Essential Properties Realty Trust has completed an upsized public equity offering, raising fresh capital through the sale of nearly 12.5 million common shares priced...
India Sothebys expands luxury design services

India Sothebys expands luxury design services

0
India Sotheby’s International Realty has entered into a strategic joint venture with UK-based design studio Interiors With Art Ltd, marking a deeper push into...