The market is dominated by foreign suppliers, as imports account for 92.7% of total market size in 2023. Households drive market demand, with household spending representing 91.3% of total demand in 2023. Turkey has the seventh largest market size for optical instruments and photographic equipment regionally, with demand reaching USD1.4 billion in 2023. Isbir Optik San AS is the largest company in Turkey, generating 9.4% of the industry’s total production value in 2023. The industry is fragmented, with the top one company generating 9.4% of total production value in 2023. The total number of companies increases in 2023, to 1,521 units. The costs of the industry increase by 39.3% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 11.6% of production value in 2023, the 16th highest regionally. The industry’s exports share increases in 2023 to 60.6% of total production output. With production value of USD281 million, Turkey accounts for 0.8% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Optical Instruments and Photographic Equipment in Turkey: ISIC 332. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Optical Instruments and Photographic Equipment in Turkey: ISIC 332 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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