Drought hits Turkish textile industry
According to Ahmet Oksuz, chairman of the Istanbul Textile and Raw Materials Exporters Association (ITHIB), declining output and drought are currently impacting cotton production in Turkey, the world’s fifth largest textile producer. , and poses additional risks to most of the country’s textile and garment industries. Demand for these industries has been sluggish since June 2022, and cotton prices have risen from 16.75 lire per kilogram in May 2021 to 56.6 lire per kilogram in the same period in 2022. This has a negative impact on production Costs are creating pressure, and he also called for the elimination of 5-8% additional tariffs to give companies in the industry a breathing space.
According to Vehbi Canpolat, chairman of the Turkish Textile Products Manufacturing Association (TTTSD), cotton imports exceeded 2 million tons, while domestic production reached approximately 800,000-900,000 metric tons. China, India, and Uzbekistan have stopped supplying fiber, and Turkey has turned to the United States, Greece, and Brazil for purchase. Due to drought and countries retaining raw materials for domestic consumption, supply issues and price issues will arise. Turkish garment industry orders have dropped by 10%, and textile and garment orders have fallen by 20% since June.
Bertan Balcik, chairman of the National Cotton Council, said that U.S. cotton output will shrink by 40%, and output in China and India is expected to decline, and Turkey will import an additional 25%. 10,000 tons of cotton, which is higher than its actual demand in July, and coupled with 50,000 tons of domestic production, Turkey’s supply side should not have any problems.
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