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Industrial power costliest in Turkiye; cheapest in China, Bangladesh

19 Nov '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Turkiye's textile industry faces high electricity costs at $*.** per kWh, down from $*.** last year but still above other countries.
  • Pakistan also saw a decrease to $*.** per kWh. In contrast, China and Bangladesh enjoy lower rates at $*.** per kWh, boosting their market competitiveness.
  • Industrial electricity charges rose in Sri Lanka and India this year.

The study based on data from *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro revealed that electricity rates in Turkiye were noted at $*.** per kWh in **** which came down to $*.** per kWh in this year. This was still higher in comparison to other textile exporting countries like Bangladesh, China, India, Pakistan and Sri Lanka.

Pakistan&#**;s textile industry is also grappling with expensive electricity. This year, the industry&#**;s electricity rates were recorded at $*.** per kWh, showing a decrease from last year&#**;s rate of $*.** per kWh.

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