As we face into what looks like being another year of complexity and turmoil in global trade and strategic sourcing, there are some countries that warrant rapid and in-depth exploration as part of global sourcing and procurement strategies. In machinery and industrial products where traditionally offshore supply routes may have looked to China the opportunity that is developing in Türkiye cannot be ignored.
De-Risk your Global Sourcing by adding Turkiye to your Supply chain
Derisking supply chain positions in China fully or adding additional supply routes to allow flexibility in sourcing and procurement will allow companies to mitigate risk in their supply chains. As we get more clarity on the impacts to global trade from tariffs and geo-politics. The need for margin defence, supply security and shortening supply routes will be bring increase focus on Turkiye.
Turkey with its strategically important location between Europe and Asia has been a global trade hub for over 1,500 years. A population of over 80m people and land borders with 8 countries give it many geographical benefits. Turkiye has strong Free Trade agreements in place with Europe and the ability to use Air, Sea, Road and Rail links to supply clients make it ideally placed as supply chain partner.
ET2C International Global Sourcing Experts
ET2C International are a British owned global sourcing company with over 23 year’s experience working with our clients to Make Sourcing Simple. Our 200 colleagues are based in 7 offices across major sourcing markets acting as your bridge to your global sourcing and procurement partners.
Our team based in Izmir (Turkiye’s third largest city) can rapidly assist in exploring
- Machinery and Engineered Component Sourcing
- Quality and Compliance
- Vendor selection and Audit
- Rapidly Building Margins
- Simplifying Sourcing
Contact us know to see how we could help support you in delivering your sourcing and procurement challenges contact@et2cint.com
Sourcing Machinery from Turkiye a growth market.
In 2023 the value of machinery exports exceeded $21b the Presidency of the Republic of Turkiye Investment Office reported. Key exports markets for Turkish machinery are DE FR UK and IT amongst the 200 destinations that make up the country’s export client base. The biggest export sector in Sept 2024 was Cars, Trucks and Trailers and this was closely followed by Machinery and Parts at $1.89b.
Turkish Economic Performance and Outlook
The Turkish economy is the 19th biggest in the world, measured by GDP. The Observatory of Economic Complexity ranks Turkiye as 29th in global export sales.
Fitch Ratings are expressing cautious optimism about Türkiye’s economic outlook for 2025. GDP growth is expected to be 4% whilst there are still challenges with right policies in place the economy is expected to continue its growth and recovery.
Positive headwinds in the economic position of Turkiye will act as a positive driver of change to reposition the country. This will be more pronounced in the industrial and machinery market where the country is already driving strong growth.
ET2C International Global Sourcing Experts
We are a leading Global Sourcing company with over twenty years’ experience working with our clients. Our team of 250 colleagues are based in seven offices in key sourcing markets across Asia Including our new offices in Izmir (Turkey’s third largest city)
We work with our clients to make their global sourcing simple, becoming their bridge to their supply partners. Where time zones, language, business communication expectations or QC can become challenging.
Our team of experts can help you build and deliver your sourcing strategy and ensure you are working with the right factory partners. Giving you independent feet on the ground and confidence with fast responses, removing time zone and language challenges. If you would like to explore sourcing opportunities within Turkiye or to discuss your future supply chain challenges. Please contact@et2cint.com
The rise of Türkiye and the why you should investigate the opportunity for global sourcing machinery and industrial components
Turkey’s rise as a global manufacturing hub is undeniable. With a skilled workforce, competitive costs, and a strong focus on quality, Turkish manufacturers are well-positioned to meet the demands of the global machinery and industrial market.
Investigating Turkey’s vast manufacturing ecosystem, businesses can access a wide range of products and services, from machinery and automotive parts to industrial components.
De-risking supply chains that are currently centred on China with secondary sourcing markets to balance risk, capacity and cost will be critical for business. As we move into an new era of global trade that could be dominated by protectionism, tariffs and geo-political tensions the winners will be those that can rapidly adapt and build their global supply chains to deliver service whilst defending margins.
ET2C International can rapidly support an in-depth review of the opportunities that Türkiye and its supply network can offer your company. Contact us now to speak to one of our team about the strategic sourcing and procurement opportunities in Türkiye.
