Growing Market Turkiye

 

 Turkish Market

Turkey is a large and diverse market with a population of over 82 million people. It has a rapidly growing economy and a young, educated population with a relatively high purchasing power. Turkey is an attractive market for foreign companies due to its strategic location between Europe, Asia, and the Middle East. The country is a member of the G20 and has a customs union agreement with the European Union.

The Turkish economy is diverse, with a strong manufacturing sector, including textiles, automotive, and white goods. Turkey is also a major agricultural producer, and is the world's largest producer of hazelnuts and apricots. The services sector, including retail, tourism and banking, is also significant.

Before entering the market, it is important for foreign companies to conduct thorough research and to have a solid understanding of the local market dynamics and regulations.

What is importance of turkish market?

The Turkish market is important for several reasons:

1. Strategic location: Turkey is a bridge between Europe, Asia, and the Middle East, making it an ideal location for businesses looking to expand into these regions.

2. Growing economy: Turkey has a rapidly growing economy and a young, educated population with a relatively high purchasing power.

3. Diversified market: The Turkish economy is diverse, with a strong manufacturing sector, including textiles, automotive, and white goods, as well as a significant agricultural sector, and services sector.

4. Customs union with EU: Turkey has a customs union agreement with the European Union, providing access to a market of more than 500 million consumers.

5. Strong tourism industry: Turkey is a major tourist destination, with a rich history and culture, as well as beautiful beaches and natural landscapes.

6. Human capital: Turkey has a large and educated workforce, making it an ideal location for businesses looking to establish operations in the region.

However, it is also important to consider potential challenges when entering the Turkish market, such as economic instability, political volatility and regulations. Companies should conduct thorough research and have a solid understanding of the local market dynamics before entering the market.