TURKEY: Second top plastic producer in Europe

According to a report released by the Turkish Plastics Industrialists Federation (PLASFED), the production value of plastic products increased to USD 34.3 billion, marking a 17 % increase compared to 2012.

In 2013, the export volume of plastic goods rose to USD 4.58 billion, a 13 % increase in comparison to the previous year, while imports totaled USD 2.9 billion.

The sector ran a USD 1.68 billion foreign trade surplus, becoming one of the few sectors to achieve a foreign trade surplus in Turkey.

The Asia-Pacific is emerging as a prime growth driver for the plastics industry, with China expected to foster growth in the medium- to long-term period.

Source: "Hurriyet Daily News", Ankara; 7 Feb 2014
(Syed Rashid Ali, Karachi, Pakistan)