Electronics exporters lose ground in Europe
Posted by meb at November 20th, 2008
Turkish Electronics and Information Industries Association (TESİD) General Manager Suat Baysan said yesterday that Turkish electronics exporters had lost a big part of their market share in Europe and that electronics production in Turkey has slowed over the last two years. He said Turkish losses in the electronics market in Europe have reached $1 billion, stressing that the main reason was declining demand.
Baysan said the sector could not achieve great success this year but that he expected the sector would recover and exports would increase in 2009. He noted that electronics production in Turkey had reached $9.5 billion in 2007 and that exports in the sector totaled $5 billion in the same year.
Baysan stressed that the electronics industry occupied a key position in the Turkish economy. “The electronics sector helps Turkey have a voice in global markets,” he said. He emphasized that he had faith in the sector’s dynamism and potential to grow. He stressed that the electronics industry had made up for its investments in research and development, but that now these investments are declining, adding that this problem should be solved as soon as possible.
According to data recently released by TESİD, electronics exports are suffering from stagnation due to a saturated market. Turkey’s electronics industry is organized by TESİD, an independent association, in order to further the common interests of member companies. Due to rapid changes in the high-technology industry, TESİD decided in 2000 to widen its scope to include software companies and telecom operators. Its main agenda is to lead the Turkish electronics industry toward continuous competitiveness and increase its contribution to the national economy by encouraging and supporting technological creativity in the country.
source: Today’s Zaman
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