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Turkish furniture sector eyes $6B in exports in 2022

Turkish furniture sector eyes $6B in exports in 2022
Sector in 2021 beat pre-pandemic levels in furniture exports, also leaping 26.4% over 2020, says sector group head

By Gokhan Ergocun

ISTANBUL (AA) – The Turkish furniture sector, which closed out last year with exports worth $4.3 billion, in 2022 is aiming to reach $6 billion, said the head of the Furniture Industry Businessmen Association (MOBSAD).

​​​​​​​Sector exports leaped 26.4% in 2021 from 2020, and also easily beat the 2019 pre-pandemic level of $3.5 billion, Nuri Gurcan told Anadolu Agency.

The price per kilogram in the sector's exports is around $3 and can go up to $10 for members of the industry group, he said, adding: "For value-added exports, raw materials should be presented to the furniture industry on the domestic market instead of being exported."

To help do this, the country should implement raw material export limits this year, which has been declared the "year of exports," Gurcan said.

COVID-19 restrictions benefited the furniture industry as well, with the sector entering markets that China lost due to the pandemic, he said.

There has been a sharp increase in demand for Turkish furniture, especially from European countries and the US, according to Gurcan. "The European and US markets are valuable because they offer us significant gains in exports per kilogram."

The export price to these markets can reach up to $6 per kilogram. "We want to increase our exports to the US market this year to $1 billion," he said.

Gurcan suggested that more organized industrial zones should be created and more intermediate staff should be trained to meet the sector’s targets.

While as of 2015 there were 400 firms making exports of more than $1 million, by 2021 this figure had more than doubled to 1,000, he said.

The Turkish furniture sector exports to 172 countries and 202 customs points, making it the world's sixth-largest furniture exporter, Gurcan said.​​​​​​​


- Istanbul Furniture Fair

Turkiye's commercial and business hub is set to host the Istanbul Furniture Fair on Jan. 25-30.

Gurcan said the sector aims to achieve $2 billion in furniture exports during the event.

The fair, Europe's largest furniture event, skipped 2021 due to pandemic measures.

This year the fair will host more than 3,000 domestic and foreign brands from 50 countries, and major buyers from the US and Canada, he said.

Like previous editions, this year MOBSAD will also showcase the most expensive furniture at the fair.

source: News Feed
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