Turkey high dwelling home equipment exporter in Europe in 2021, minister says

Turkey took high honors as the most important dwelling home equipment exporter in Europe in 2021, the nation’s trade and know-how minister mentioned Sunday, regardless of challenges reminiscent of hovering uncooked materials costs and provide chain bottlenecks.

Home gross sales in Turkey’s dwelling home equipment sector rose 9% year-over-year in 2021, in keeping with sector affiliation TÜRKBESD information, reflecting the demand amid the coronavirus outbreak.

Manufacturing was up 17%, whereas exports surged 18% in comparison with a 12 months in the past, the info confirmed, regardless of challenges reminiscent of a spike in uncooked materials costs and provide chain disruptions.

Some 1.64 million dishwashers, 2.25 million fridges, 2.15 million washing machines, 1.12 million freezers, over 1 million ovens and a few 250,000 dryers have been bought in Turkey final 12 months, Business and Know-how Minister Mustafa Varank mentioned on Twitter.

“Our dwelling home equipment sector, which exported 26 million merchandise in 2021, has ranked first in Europe,” Varnak added, touting the nation’s robust exhibiting.

The trade goals to take a position round $480 million this 12 months for added manufacturing amenities, capability enhance, equipment renewal in addition to know-how innovation and vitality effectivity, TÜRKBESD Chairperson Can Dinçer mentioned final week.

The trade’s export momentum has elevated additional over the past 5 years, in keeping with Dinçer.

“Our annual export quantity has exceeded $4.5 billion,” he mentioned, additionally stressing the significance of steps to assist cut back the price burden on the trade.

“We intention to proceed to extend our exports in 2022 and to have a profitable 12 months within the home market by responding to the altering calls for of our prospects.”

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