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Ferrous and non-ferrous metals sector's 2025 export target: USD 14 billion

The ferrous and non-ferrous metals sector enters the new year with big targets. Despite challenging economic conditions such as regional wars, high inflation and currency fluctuations, it is aimed to carry the resilience to double-digit growth in 2024.

Ferrous and non-ferrous metals sector's 2025 export target: USD 14 billion

Çetin Tecdelioğlu, Vice President of the Turkish Exporters Assembly (TİM) and President of the Istanbul Ferrous and Non-Ferrous Metals Exporters' Association (İDDMİB), announced that the sector aims to reach the level of 14 billion dollars in exports.

Performance resisted in 2024

Stating that completing 2024 with an export figure of 12.5 billion dollars is an important achievement, Tecdelioğlu emphasized that the sector proved its resilience despite the difficulties caused by wars in regions such as Syria and Ukraine, the election process and high interest rates.

“Türkiye will be in an advantageous position”

Tecdelioğlu stated that the lost markets in Syria and Russia could be regained and that there is a potential of 20 billion dollars in total in these countries. He said that Türkiye could play an important role in the infrastructure and contracting sectors in Syria, and that the protection measures imposed by the US on China would put Türkiye in an advantageous position against the European and US markets.

New investments in the international market

In order to reach its 2025 targets, the sector will increase its participation in international fairs and take an active role in 52 events. It is also aimed to provide market diversity with Ur-Ge programs.

Çetin Tecdelioğlu drew attention to the plans of Chinese companies to invest in Türkiye, and pointed out that these companies, which aim to invest especially in the aluminum and hardware sectors, are looking for space in organized industrial zones.

Emphasizing the importance of Eximbank's support to the sector, Tecdelioğlu said that the newly established Turkish Trade Bank could be an alternative to Eximbank in the future.

While copper and aluminum are doing well, casting, household and kitchen utensils are doing badly

In 2024, the copper and aluminum sectors attracted attention with increases in quantity and value, while the casting, household and kitchenware, industrial kitchen and armature sectors declined. Tecdelioğlu underlined that competitiveness in these sectors has started to decline and urgent measures need to be taken.

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