Market Monitor of Turkish domestic logistics market

The heydays of 2009 to 2011 may be over but Turkey is still a very attractive market for European manufacturers. After years of 9% GDP growth followed by strong job creation and a 10% inflation rate, 2012 and 2013 have seen more modest but stable continuous growth. Dun & Bradstreet studies suggest that Turkish growth will slow down over the period of 2013-2017. The year 2013 shows a 2.7% increase in private spending compared to 2012 and imports are up 7% for the same period. The Purchase Managers’ Index in October 2013 was 53.3, down slightly from September’s eight-month high of 54. Although exports are increasing, Turkey remains a net importing country specifically for energy, high tech, industrial and consumer goods. In the absence of energy resources of its own, the Turkish economy has been hit hard by the current rise in oil prices due to the Syrian conflict. The oil price fluctuations are heavily impacting logistics costs in Turkey.

Our partner DSV created a report ‘Market Monitor, Turkish domestic Freight and Distribution Market’.

Download: Market Monitor: Turkish domestic Freight and Distribution

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