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Turkish Woodworking Machinery Market
100 Million USD
45 Million USD
350 Million USD
Competitive Advantage of Turkey
Turkey is a natural bridge between both the East-West and the North-South axes, thus creating an efficient and cost-effective hub to major markets. Easy access to 1.5 billion people and a combined market worth of USD 24 trillion GDP in Europe, MENA, and Central Asia within a 4-hour flight radius.
The Turkish economy, from 2003 to 2018, has posted record growth and climbed from 18th place to 13th globally. Over the past 16 years, Turkey has put in a noteworthy performance by increasing the size of its overall economy from USD 236 billion in 2002 to USD 784 billion in 2018.
The young and well-educated population of Turkey is a great asset as investors are facing considerable challenges elsewhere in Europe with ageing and shrinking populations. Turkey offers excellent opportunities with its growing, young, and dynamic population.
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