The market is dominated by foreign suppliers, as imports account for 75.1% of total market size in 2023. Households drive market demand, with household spending representing 91.1% of total demand in 2023. Turkey has the eighth largest market size for television and radio receivers, sound and video recording devices regionally, with demand reaching USD2.4 billion in 2023. Vestel Elektronik San ve Tic AS is the largest company in Turkey, generating 41.8% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 67.5% of total production value in 2023. The total number of companies increases in 2023, to 1,821 units. The costs of the industry increase by 7.2% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 21.4% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 64.2% of total production output. With production value of USD1.7 billion, Turkey accounts for 8.9% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Television and Radio Receivers, Sound and Video Recording Devices in Turkey: ISIC 323. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Television and Radio Receivers, Sound and Video Recording Devices in Turkey: ISIC 323 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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