Many global apparel buyers, including Hermes Otto, Newlook, Colveta, Near East Manufacturing and Varnern, plan to increase their orders from Turkey by about 20 per cent. Apparel exports of $17 billion from the country would increase to $18 billion this year, reaching around $25 billion in five years.
For example, Colveta plans to purchase products worth €40 million from Turkey every year and increase the figure to €65 million within five years. Similarly Newlook Turkey plans to increase purchases by 20 per cent while Hermes Otto aims to increase to over €100 million in 2018 , registering a 7 per cent growth. Verner, one of the major buyers, would also increase its apparel order from Turkey, currently €55 million, by 5 to 10 per cent this year. Near East Manufacturing, on the other hand, is planning to increase its $100 million order by 10 per cent.