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Sales of white goods in Turkey down 8% year-on-year January and June

by John Pierce
July 3, 2023
in Business
2 min read
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Domestic sales in Turkey’s white goods sector fell 8%, while exports fell up little bit year-on-year in The first six months of The yearHome Appliance Manufacturers Association of Turkey (TÜRKBESD) said on Thursday.

Domestic sales in sector was down 2% in The association said in June while exports down 6% in The same period, reflecting demand Circumstances.

the local market It is expected to narrow more in the end of The year when compared to last year, while the sector’s exports are expected to be parallel or slightly higher From last year.

evaluation results of sector in The first half of 2022 in online At his press conference, TÜRKBESD President Can Denscher said that 2022 will be difficult year on a global Scale.

“the increase in raw material Prices and supply problems He added that the war between Russia and Ukraine had exacerbated these conditions one of locomotive industries, steps to be taken in In order to maintain competitiveness of The white goods sector that exports 75%. of Its production, among our most important agenda items in this period of time.”

deflation in the local market Continue from the start of The yearDincer said: ‘We believe that the increase in the number of credit card Installments will be beneficial in Yes support the purchase power of consumers. In addition to canceling of SCT will enable consumers to meet their needs more easily, incrementing demand And ensuring that production continues vigorously.”

One of Important agenda items of The meeting was dumping procedures for Flat steel products, which are main Input of white goods.

Muhammad Yavuz, member of The board of directors of TÜRKBESD said that flat steel accounts for 17% of The cost expenses of white goods sector on Average and confirmed that the product is the subject of a dumping investigation one of The main input of Many manufacturing industries, as well as the white goods sector.

“The amount of Hot rolled iron sheet is produced in Our country is not at the level that can meet demand for Produce. necessarily gap met through imports. about 36% of Turkey’s imports of HRC come from Russia and 22% from Ukraine. The fact It can no longer be imports made of both countries Need a quick variety of supply sources. anti-dumping decision for EU and South Korea products within the range of The investigation negatively affects competitiveness of “All exporting manufacturing sectors, including white goods,” Yavuz said.

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