Domestic sales in the white goods industry increased by 28 percent – Latest News

According to the information shared by TÜRKBESD; In the first three months of 2024, domestic sales increased by 28 percent compared to last year. The decline in exports in the white goods sector continued and decreased by 5 percent in this period. In the first quarter of 2024, total sales consisting of exports and domestic sales for six main products amounted to approximately 8.3 million units and increased by 5 percent compared to last year. In parallel, the production amount remained similar, increasing by 1 percent compared to the previous year. According to monthly data, there is a 24 percent increase in domestic sales this March compared to March last year. While production decreased by 2 percent compared to March last year, with 3 million units, the downward trend in exports continued at 11 percent this month.

In his statement on the subject, TÜRKBESD President Gökhan Sığı said, “Turkey’s white goods industry is the largest production base in Europe and the second largest in the world. Our industry is an important actor with a production capacity of 33 million units and an export capacity of 23 million units. While providing direct employment to 60 thousand people, it competes with the world with its R&D, digital transformation and green transformation investments. We have a strong, exemplary collaboration with our sales and service network of thousands of SMEs and our auxiliary industry, of which we are proud. “Thanks to this strong ecosystem we have created, we continue to be an important driving force in the growth of the Turkish economy,” he said.

Noting that total sales, consisting of exports and domestic sales for six main products, amounted to approximately 8.3 million units, increasing by 5 percent compared to last year, Sığın said, “One of the most critical issues for our industry to maintain its competitiveness is cost pressure. Especially the high increases in Recovery Participation Share (GEKAP) type practices, which directly affect the cost, negatively affect our sector in this period. “The fact that GEKAP amounts have increased 10-fold since 2020 not only increases unit costs in our industry, but also reflects negatively on export competitiveness,” he said.