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

NMMC Directs CIDCO To Correct Pollution Violations At Two Project Sites

NMMC Directs CIDCO To Correct Pollution Violations At Two Project Sites

0
The Navi Mumbai Municipal Corporation (NMMC) has formally issued notices to the City and Industrial Development Corporation (CIDCO) over alleged breaches of pollution control...
Mumbai Residents Gain Major Relief As State Approves Revised Non OC Amnesty Scheme

Mumbai Residents Gain Major Relief As State Approves Revised Non OC Amnesty Scheme

0
Mumbai residents living in buildings without an occupation certificate (OC) received significant relief after the state urban development department approved a revised amnesty scheme...
Kalyan Affordable Homes Affected By Virar Alibaug Multimodal Corridor Alignment

Kalyan Affordable Homes Affected By Virar Alibaug Multimodal Corridor Alignment

0
An affordable housing project planned in Kalyan has emerged as an early casualty of the Virar–Alibaug Multimodal Corridor, highlighting the growing tension between large-scale...
CREDAI Nashik Metro Honours Real Estate Excellence At Annual Industry Awards Ceremony

CREDAI Nashik Metro Honours Real Estate Excellence At Annual Industry Awards Ceremony

0
Nashik’s real estate sector took centre stage this week as industry leaders, policymakers and urban experts gathered for the CREDAI Nashik Metro Real Estate...
Maharashtra Sees Sluggish MahaRERA Recoveries With Only 33 Percent Of Rs 792 Crore Collected

Maharashtra Sees Sluggish MahaRERA Recoveries With Only 33 Percent Of Rs 792 Crore Collected

0
Maharashtra’s real estate regulatory authority continues to struggle with enforcing monetary recoveries, with official data showing that only about 33 per cent of the...