{"id":57750,"date":"2024-02-22T14:33:59","date_gmt":"2024-02-22T11:33:59","guid":{"rendered":"http:\/\/www.textilegence.com\/?p=57750"},"modified":"2024-02-22T14:58:45","modified_gmt":"2024-02-22T11:58:45","slug":"apparel-exporters-2024-will-not-be-an-easy-year-either","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/apparel-exporters-2024-will-not-be-an-easy-year-either\/","title":{"rendered":"Apparel exporters: \u201c2024 will not be an easy year either\u201d"},"content":{"rendered":"\n

While apparel exporters closed the year 2023 with a decrease of 9 percent in T\u00fcrkiye generally compared to the previous year, the Aegean Apparel Exporters\u2019 Association<\/a> (EHKIB) recorded a decrease at the same rate. The reasons for the decline in exports<\/a> were stated as the stagnation in Europe, which is the main export market, the uncertainty created by the Russia-Ukraine war, the problem of access to domestic financing and the increase in labour\/energy costs. EHKIB President Burak Sertba\u015f, Vice President Seray Seyfeli and Vice President \u00c7a\u011flar Ba\u011fc\u0131 announced the evaluation of 2023, the agenda for 2024 and the targets for the coming period at the press conference.<\/p>\n\n\n\n

President of EHKIB Burak Sertba\u015f stated that they realised an export of 19,2 billion dollars in 2023 in the apparel sector in T\u00fcrkiye generally while announcing EHKIB\u2019s export figures for 2023 as 1 billion 340 million dollars. Indicating that they closed the year 2023 with a decrease of 9 percent in T\u00fcrkiye generally and EHKIB in particular compared to last year, he remarked; \u201c2023 was a difficult year for our sector. The recession in Europe, our main export market, the uncertainty created by the Russia-Ukraine war, the difficulty in accessing financing in the country, and the increases in labour\/energy costs have forced us. Due to cost increases, customers started to leave, as we remained overpriced compared to our competitors. It is not easy to find a new customer to replace the one who has left. Increasing the minimum wage support paid to the employer to 1400 TL contributes positively to employment and production.\u201d<\/p>\n\n\n

\n
\"Haz\u0131r
President of EHKIB Burak Sertba\u015f Image Source: EIB<\/figcaption><\/figure>\n<\/div>\n\n\n

\u201cCapacity utilisation rates decreased from 84 percent to 76,4 percent\u201d<\/h2>\n\n\n\n

Emphasising that they started the new year with the problems that continued from 2023, Burak Sertba\u015f noted: \u201cThe fact that high inflation has not yet been brought under control and the lack of an increase in foreign demand shows that 2024 will not be an easy year either. The lack of demand continues due to the effect of the recession in the EU, our main market, where we make 60 percent of our exports. The low demand also has a negative impact on production.\u201d Adding that capacity utilisation rates have decreased from 84 to 76,4 percent, he pointed out that the additional customs duty of 10 percent imposed on the import of yarn, fabric and apparel products in October 2023 made the situation even more difficult for apparel exporters. He also remarked that they estimate that these difficulties will negatively affect their business in the first half of 2024.<\/p>\n\n\n\n

\u201cWe will try to catch up with last year in 2024\u201d<\/h2>\n\n\n\n

Stating that they expect the recovery to be in the last quarter of the year if things go well in the sector, Burak Sertba\u015f announced that as the Apparel Sector Board, they set their year-end export target as 20 billion dollars. He disclosed: \u201cOur exports as T\u00fcrkiye decreased by 12 percent to 1,4 billion dollars and EHKIB exports decreased by 2 percent to 113 million dollars.\u201d He also said that they will try to catch up with last year in 2024 and that they are targeting 1 billion 350 million dollars of exports this year. <\/p>\n\n\n\n

Mentioning that they realized the first foreign market activity of 2024 by participating in Munich Fabric Start the Source exhibition with 10 companies, Sertba\u015f noted: \u201cDemand in Europe, our main market, is still not at the level we want, but it is very important that we regularly participate in international exhibitions in our biggest markets.\u201d He added that they are also planning to develop projects for the Northern countries, the UK and the USA, which are among their target markets, in the new year.<\/p>\n\n\n

\n
\"Haz\u0131r
Vice President of EHKIB Seray Seyfeli and Vice President of EHKIB \u00c7a\u011flar Ba\u011fc\u0131 Image Source: EIB<\/figcaption><\/figure>\n<\/div>\n\n\n

\u201cEurope expects a stable economy from T\u00fcrkiye\u201d<\/h2>\n\n\n\n

Vice President of EHKIB Seray Seyfeli pointed out that the market loss will continue in 2024, saying: \u201cIt is getting more and more difficult for us to return the customers who work with other countries for about 4 seasons, even if everything goes well, recovery can only start at the end of 2025. The negativities in the European economy are causing price pressure on customers. As a manufacturer, we do not have much strength left to withstand against increasing costs and decreasing revenues.\u201d Noting that European customers expect a stable economy from T\u00fcrkiye, however, it is inevitable that losses will continue in the face of prolonged economic difficulties, she also remarked that as the Aegean Region, they are very good in design and sustainability. She disclosed: \u201cWe have companies that work far above European standards. We should do value-added works. We can turn to technical clothing.\u201d<\/p>\n\n\n\n

\u201cWe no longer expect a lower minimum wage for the development of our country\u201d<\/h2>\n\n\n\n

Vice President of EHKIB \u00c7a\u011flar Ba\u011fc\u0131 said that while the net minimum wage was around 300 dollars in the past years, it is now 550 dollars; \u201cSuch an increase in labour, which is the biggest expense item of our sector, is of course very difficult for us. However, for the development of our country and for our people to live in prosperity, we no longer expect a lower minimum wage than this.\u201d Underlining that the apparel sector is the most important employment depot sector of T\u00fcrkiye, he continued his words as follows: \u201cTo overcome this difficulty, it is obvious that we need to produce with high added value, design, innovation and sustainability-oriented production. We have to rapidly adapt our sector and ourselves to this change. Although the Suez Canal crisis has caused some Far Eastern orders to shift to T\u00fcrkiye, this will only be beneficial in the short term. The sector that will best adapt to the transformation in T\u00fcrkiye is the apparel sector. Our most important goal is to complete this in the fastest way possible and leave these difficult times behind permanently.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

While apparel exporters closed the year 2023 with a decrease of 9 percent in T\u00fcrkiye generally compared to the previous year, the Aegean Apparel Exporters\u2019 Association (EHKIB) recorded a decrease at the same rate. The reasons for the decline in exports were stated as the stagnation in Europe, which is the main export market, the […]<\/p>\n","protected":false},"author":2,"featured_media":57747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9859],"tags":[16334,11520,11393,10369,12450],"class_list":{"0":"post-57750","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-topical","8":"tag-apparel","9":"tag-ehkib-en","10":"tag-eib-en","11":"tag-textile-news-en","12":"tag-topical"},"yoast_head":"\nApparel exporters: \u201c2024 will not be an easy year either\u201d - Textilegence<\/title>\n<meta name=\"description\" content=\"While apparel exporters closed the year 2023 with a decrease of 9 percent in T\u00fcrkiye generally compared to the previous year...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.textilegence.com\/en\/apparel-exporters-2024-will-not-be-an-easy-year-either\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apparel exporters: \u201c2024 will not be an easy year either\u201d\" \/>\n<meta property=\"og:description\" content=\"While apparel exporters closed the year 2023 with a decrease of 9 percent in T\u00fcrkiye generally compared to the previous year, the Aegean Apparel\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.textilegence.com\/en\/apparel-exporters-2024-will-not-be-an-easy-year-either\/\" \/>\n<meta property=\"og:site_name\" content=\"Textilegence Magazine and Digital Platform\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TextilegenceMagazine\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/TextilegenceMagazine\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-22T11:33:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-22T11:58:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2024\/02\/Apparel-Textilegence-2024.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Engin Buz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/textilegence\" \/>\n<meta name=\"twitter:site\" content=\"@textilegence\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Engin Buz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/apparel-exporters-2024-will-not-be-an-easy-year-either\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/apparel-exporters-2024-will-not-be-an-easy-year-either\\\/\"},\"author\":{\"name\":\"Engin Buz\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#\\\/schema\\\/person\\\/46ccc7bfc34edbc7d46b6b189f88849f\"},\"headline\":\"Apparel exporters: \u201c2024 will not be an easy year either\u201d\",\"datePublished\":\"2024-02-22T11:33:59+00:00\",\"dateModified\":\"2024-02-22T11:58:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/apparel-exporters-2024-will-not-be-an-easy-year-either\\\/\"},\"wordCount\":973,\"publisher\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/apparel-exporters-2024-will-not-be-an-easy-year-either\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Apparel-Textilegence-2024.jpg\",\"keywords\":[\"apparel\",\"ehkib\",\"eib\",\"textile news\",\"topical\"],\"articleSection\":[\"Topical\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/apparel-exporters-2024-will-not-be-an-easy-year-either\\\/\",\"url\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/apparel-exporters-2024-will-not-be-an-easy-year-either\\\/\",\"name\":\"Apparel exporters: \u201c2024 will not be an easy year either\u201d - 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