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Turkiye year-end review 2023: Recovery from calamity

03 Jan '24

24 min read

Pic: Adobe Stock

Insights

Textile exports plunged by **.* per cent amid declining production, influenced by cost surges, Ukraine conflict, and global economic slowdown.
Innovations in digital fabric libraries and sustainable technology implementation shaped the sector's recovery.
Increased additional customs duties aimed to curb unfair competition but drew mixed industry reactions.

Turkiye demonstrated remarkable resilience in recovering from the devastating earthquake at the beginning of ****, which jeopardised its textile industry. The effects of this disaster lingered throughout the year.

Unfortunate start

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| Turkiye year-end review 2023: Recovery from calamity

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Turkiye year-end review 2023: Recovery from calamity

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