All Turkey articles
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Article
Sanctions weigh on Turkish plans to expand exports to Russia
A fresh round of U.S. sanctions is reportedly jeopardizing the planned growth of Turkish footwear exports to Russia and other post-Soviet countries. Turkish footwear companies are looking to expand exports to Russia, Central Asia and the Middle East to compensate for the losses suffered in Europe, according to the Turkish ...
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Article
How Turkey is still benefiting from Covid-19 reshoring, even if some production has returned to the Far East
Turkish footwear exports are set to break a new record in 2023, partly thanks to the reshoring of some production from the Far East during the Covid-19 pandemic. After reaching an all-time high of $1.2 billion in 2022, Berke Içten, head of the association of Turkish footwear manufacturers TASD, forecasts ...
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Article
How Turkey is rebuilding Antakya’s shoe cluster after the earthquake
Where footwear factories once stood in Antakya, the city in southeastern Turkey devastated by an earthquake in February 2023, name tags and signboards are the only traces left in the flattened and desolate landscape. But 40 kilometers away, in a town called Reyhanlı, Turkish authorities have installed container shelters and ...
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News briefs
Turkish inflation slows down
In February, Turkish inflation reached 55.18 percent year-on-year compared with 57.68 percent in January, according to the statistics office Tuik. It is the fourth consecutive month that annual inflation declines. Month on month, inflation reached 3.15 percent. Clothing and footwear was the segment with the lowest inflation, falling by ...
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News briefs
World Footwear Congress postponed due to earthquakes
The European Footwear Confederation (CEC) postponed the 7th edition of the World Footwear Congress, that was scheduled to be held on May 9-11 in Istanbul, due to the ”devastating earthquakes” that occurred in Turkey and Syria on Feb. 6. CEC said that the congress is postponed until later in the ...
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Article
About 400 Turkish footwear factories were destroyed in February’s earthquakes
Some 400 footwear factories were destroyed in the cluster of Antakya during the two earthquakes, with respective magnitudes of 7.8 and 7.7, that hit southern Turkey and northwestern Syria on Feb. 6. 2023, according to Berke Içten, the chairman of the association of Turkish footwear manufacturers, TASD. The plants represent ...
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News briefs
Turkish inflation slows down in January
Turkey’s annual inflation slowed down in January to 57.7 percent from 64.3 percent in December, according to the statistics office Tuik. It is the third month in a row that annual inflation declines. In January, clothing and footwear was the segment with the lowest annual increase, rising by 24.24 percent. ...
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News briefs
Turkish inflation slows down
Turkish consumer prices rose by 64.27 percent year-on-year in December, slowing down from an 84.39 percent increase in November, according to the statistics office Tuik. Prices for clothing and footwear were up by 25.87 percent. It was the category that registered the lowest annual increase in December. Month-on-month, overall inflation ...
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News briefs
Turkish fashion retailers mull expansion in Russia
Several Turkish fashion brands such as adL, Mudo, LTB, Twist and İpekyol intend to enter the Russian market, taking advantage of the withdrawal of Western companies. The Russian newspaper Izvestia reported that Turkish groups have entered into negotiations with Russian shopping centers about opening their stores in the coming months. ...
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Article
Turkish footwear manufacturers are benefitting from a reshoring from the Far East
Exports of Turkish footwear rose by 22.9 percent in 2021 to over $1 billion for the first time. Overall exports of leather and leather goods reached $1.73 billion, with footwear representing 58.3 percent of the total. Russia was the main export market for Turkish shoes, up by 24.5 percent to ...
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Article
U.K. signs free trade agreements with Turkey, EU
The U.K. and Turkey have signed tariff-free trading arrangements and are committed to reach a ”more ambitious” agreement in the future, according to the British Department for International Trade . The free trade agreement was signed by the U.K.’s International Trade Secretary, Liz Truss and Turkey’s Minister for ...