The market is dominated by domestic suppliers, as imports account for 3.7% of total market size in 2023. Investments drive market demand, with investments representing 45.8% of total demand in 2023. Turkey has the fifth largest market size for furniture regionally, with demand reaching USD18.5 billion in 2023. Erciyes Anadolu Holding AS is the largest company in Turkey, generating 2.4% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 6.7% of total production value in 2023. The total number of companies increases in 2023, to 95,063 units. The costs of the industry increase by 7.7% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 39.1% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 15.7% of total production output. With production value of USD14.0 billion, Turkey accounts for 9.1% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Furniture in Turkey: ISIC 361. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Furniture in Turkey: ISIC 361 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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