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Turkey: The chemical industry broke a record in exports in 2021

Adil Pelister, Chairman of the Board of Directors of the Istanbul Chemicals and Products Exporters’ Association (IKMIB), evaluated the growth figures for the general and last quarter of 2021 announced by the Turkish Statistical Institute today. Pelister said, “The exports of our chemical industry, which plays a leading role in the growth of our country and plays a strategic role in the economy with its 16 sub-sectors, broke a record with $25.4 billion in 2021.”

Pelister, Chairman of the Board of IKMIB, said, “The exports of our chemical industry, which plays a leading role in the growth of our country and plays a strategic role in the economy with its 16 sub-sectors, broke a record with $25.4 billion in 2021.”

Pelister, in his written statement, evaluated the growth figures for the general and last quarter of 2021 announced by the Turkish Statistical Institute today.

“The exports of our chemical industry, which plays a leading role in the growth of our country and plays a strategic role in the economy with its 16 sub-sectors, broke a record with $25.4 billion in 2021. Stating that the Turkish economy grew by 9.1% in the 4th quarter of 2021, while it achieved a double-digit growth of 11% in the whole of 2021, Pelister stated that they found it important and pleased that the country achieved a strong growth in 2021, which is called the new normal after the epidemic.

Stressing that one of the most important factors in growth is the export-based growth strategy, Pelister said:

“As a matter of fact, we, as the chemical industry, became the second industry that contributed the most to our country’s exports and therefore to its growth. We are proud of all our exporters because of this success of our chemical industry. The exports of our chemical industry, which plays a leading role in the growth of our country and plays a strategic role in the economy with its 16 sub-sectors, broke a record with $25.4 billion in 2021. In 2021, our industry grew by about 40%. In the 9-month period of 2021, our Turkish chemical industry received a 0.76% share from the global chemical industry exports. Our export target for 2022 is to reach $28 billion. On the other hand, the Russia-Ukraine crisis, which is also closely related to our country, continues to increase energy costs and commodity prices. As the chemical industry, which is 70% foreign-dependent in terms of raw materials, we follow these developments closely.”

Wishing that this and similar geopolitical tensions and crises in the world will end as soon as possible, Pelister stated that as the chemical industry, they will continue to work harder, produce more and increase exports with the awareness of their responsibility to increase the added value of exports.

Source: Sabah / Translated by Irem Yildiz

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