Turkey’ furniture imports decreased by 41% in the last 5 years

Turkey’ furniture imports decreased by 41% in the last 5 years
04 February 2020

Demand for domestic furniture has increased in Turkey; furniture imports decreased by 41% in the last 5 years. Falling below $ 500 million after many years, furniture imports are expected to keep decreasing in 2020.

*** This release is originally published in Turkish.
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ISTANBUL (TR) - Turkey Statistical Institute (TSI) published by Asortie Furniture by examining the furniture import and export data for 2019, furniture imports decreased by 41% over the last 5 years in Turkey and fell to $ 497 million. This decline was considered as a result of the increase in consumer interest in domestic furniture and fluctuations in exchange rates. Italy ranked first in furniture imports, which decreased by 7% in 2019 compared to the previous year, with $ 58 million. Italy was followed by Germany, Poland and Romania. This decline in imports is expected to continue in 2020.

Furniture exports will exceed $ 3 billion in 2020

According to the data analyzed, the furniture sector also recorded a 14% growth in exports compared to the previous year. 442 million dollars in 2018 with most furniture exports from Turkey ranks first among the countries that are located in Iraq, it has maintained its position in 2019 reached $ 503 million. While Iraq was followed by Germany, Saudi Arabia, Libya and the USA, the total exports of the sector were 2.9 billion dollars. Furniture exports are expected to exceed $ 3 billion in 2020.

Turkish furniture industry reaches $ 3.4 billion in trade volume

Murat Erat, Chairman of the Board of Asortie Furniture, emphasized that increasing domestic production demand in the furniture sector is an expected acceleration and said "Furniture industry in Turkey; It constantly improves itself as raw material, design and workmanship. As a sector that has adopted the principle of keeping the quality standards at the highest level, it would not take long for this success to prove to the world. Therefore, it is possible to say that the increase in domestic furniture demand is a table that we expected. In this process, the fluctuation in the exchange rates enabled the consumer to turn towards the domestic product. When we examine the 41% decrease in our import figures in the last 5 years, we see that the domestic producer has doubled its competitiveness and this success is sustainable. We anticipate that this decline will continue in 2020. While closing the year with a trading volume of 3.4 billion dollars, we can say that next year will be active in terms of export. This table is pleasing to show that the Turkish furniture industry will reach its deserved position and that we are on the right track.”

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