Turkish HVAC&R Sector Becomes the Second Biggest Sector in Export Increase

12 February 2021 Issue:

Turkish HVAC&R sector has become the second biggest sector in export increase in 2021 January, with a total export volume of USD 401,2 million.

In January this year, the sector recorded an 11% increase in exports compared to January 2020. The Turkish HVAC&R sector had recorded an all-time high in export volumes in December 2020. January 2021 was another step towards stabilising the figures achieved in December. The sector recorded increase in export in all product groups except for cooling, with a 7,6% increase in Heating Systems and Equipment; 23,7% in Air Conditioning Systems and Equipment, 12,2% in Instalment Systems and Equipment, 15,5% in Ventilation System and Equipment, and 27% in Insulation materials. The biggest buyers in January included (in order) Germany, the United Kingdom, Italy, France, and Spain with USD 4,6 of added value per kilogram.

Speaking on the increasing export volumes in January 2021 compared to the same period in previous years despite the pandemic, Mr. Mehmet Şanal, Chairman of the Turkish HVAC&R Exporters’ Association (İSİB), made the following remarks: “Turkish HVAC&R sector is taking sound steps towards becoming one of Turkey’s fundamental sectors. While commerce shrank across the World with the impact of the pandemic, Turkish HVAC&R sector recorded stable growth rates in parallel with Turkey’s increasing exports. We are working in close and strategic cooperation with all stakeholders, primarily the Government and the Ministry of Commerce. Additionally, Turkish HVAC&R companies are undertaking very effective sales and marketing steps around the World. İSİB is working hard to support these companies and increase their effectiveness. We have established strong links in the meetings as part of the 5 virtual trade delegation visits last year. 16 more virtual trade delegation visits are to be organized this year. With the declining impact of the pandemic, these will be coupled with physical visits and meetings, which will further increase our export targets. We remain committed in our belief that we will exceed the USD 5 billion threshold by the end of the year.”