Turkiye’s home textile exports to Germany are witnessing headwinds due to economic challenges and may fall below the exports in 2021. High inflation and economic worries across the world are hurting consumers’ purchasing capacity, thus affecting the demand of discretionary products. Home textile exports have fallen from many countries including Turkiye.
Turkiye’s exports to Germany reached $761.958 mn in 2021. COVID years of 2020 and 2021 were considered the golden period for home textiles. Home textile’s demand surged during the pandemic as consumers were forced to stay at home due to lockdowns and restrictions. Therefore, the shipment scaled to reach the highest level of the last five years.
The exports jumped to $716.574 mn in 2020 from $610.564 mn in 2019. They maintained the upward trend since 2018 when the shipment was recorded at $573.544 mn. The shipment was noted at $685.424 mn during 2017. Turkiye exported home textiles worth $546.831 mn to Germany in the first ten months of 2022, according to market report.
