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So you are such a turkey, led business opportunities are ful

popularity:Time of publication:2020-05-16

In recent years, LED lighting industry in Europe, the United States, Japan and other places is becoming more and more mature, and the competition in China's local market is also becoming white hot, entering the era of scale and price competition. One belt, one road strategy, was also one of the most important one for ASEAN. One belt, one road strategy was also promoted by LED, which has increased the attention of the LED manufacturers to Southeast Asia and Egypt, Israel, Saudi Arabia and Turkey.
Turkey is another booming emerging economy after BRICs countries such as China, Russia, India, Brazil and South Africa. It enjoys the reputation of "new diamond country" in the international community and has become a member of the G20 group of "Economic Security Council". Data in 2016 show that Turkey's economic growth has reached 4.8% , one of the top five fastest growing economies in the world.
With the construction of the Silk Road Economic Belt and the 21st century Maritime Silk Road, China and Turkey have once again been in close contact, with more extensive cooperation in infrastructure construction, economy and trade. According to the latest data released by Turkish Statistics Bureau, in the first half of 2016, the total trade volume between China and Turkey was one hundred and thirty-seven point one six Billion US dollars, up year on year 0.73% 。 Among them, imported from China one hundred and twenty-seven point two eight Billion US dollars, up year on year 2.48% , export to China nine point eight nine Billion US dollars, down year on year 17.44% 。 According to the data, China is the second largest trading partner in Turkey, and the proportion of China's trade volume to the total foreign trade volume of Turkey has increased 0.1% The trade deficit between China and Turkey increased year on year 4.61% 。
In terms of LED sector, data from the General Administration of Customs shows that in the first half of 2015, China's total export of LED lighting products amounted to about 5 billion US dollars, a year-on-year growth of 16% compared with the first half of 2014, of which the export amount to Turkey exceeded 45 million US dollars. In the first half of 2016, the export volume of China's LED products in ten key areas was two hundred and two point two one Billion US dollars, of which the export amount to Turkey exceeds one point two nine Billion, jumped to 28th place.
With the development of local economy, the productivity of lighting industry in Turkey has been greatly improved in recent years, but there is still a lack of LED manufacturers. LED technology is relatively low, and the production cost is high, which can not meet the local demand. At present, it mainly relies on imports, thus bringing business opportunities for overseas suppliers.
Due to the government's investment in outdoor lighting replacement, the popularity of LED lighting in Turkey will increase exponentially in the next few years, replacing the traditional halogen and incandescent lamps in rural areas. According to relevant data, the market scale of lighting and lighting in Turkey is about Three point five Billion dollars. Research and markets, a market research company, predicts that the LED market in Turkey will be 15.6% By 2022, the market size will reach three point four four Billion dollars. In Turkey, the application market of LED in logo and billboard is expected to have the highest growth rate.
In addition, due to its special geographical location, Turkey is regarded as a strategic market by manufacturers from all countries. Turkey straddles the Eurasian continent, with the Black Sea in the north, the Mediterranean Sea in the South and the Aegean Sea in the West. Therefore, after its products are exported to Turkey, they can reach markets in the Middle East, Europe and even Africa. Turkey has a customs union with the EU, which is the traditional market of Turkey; the transportation from Turkey to major European countries only takes 6-11 days.
Istanbul, Turkey, shares information with Europe to a large extent. By understanding the Turkish market, you can get the latest information about the European market. So that enterprises in the fierce competition to seize the opportunity to take the initiative.