Apparel industry of Turkiye has faced severe challenges due to soaring inflation, rising production costs, and currency devaluation.
Inflation effects on apparel industry resulted in weakening of the country’s export competitiveness.
Despite an export value recovery in 2021–2022, 2023 saw a decline, due to rising production costs in Turkiye and competitors like China and Bangladesh outpacing it.
Inflation effects on apparel industry resulted in weakening of the country’s export competitiveness.
Despite an export value recovery in 2021–2022, 2023 saw a decline, due to rising production costs in Turkiye and competitors like China and Bangladesh outpacing it.
