$1.2B in export deals inked at Istanbul furniture exhibition

The 15th installment of the CNR IMOB International Istanbul furniture exhibition, the world's third-biggest exhibition in its field, achieved to sign $1.2 billion in export contracts.

The fair,that was command at CNR exhibition Yeşilköy on January 22-27, witnessed the formation of business connections total of $1.5 billion, CNR declared during a statement. The 6 day exhibition welcomed over 1000 firms, furthermore  122.516 guests together with 38.816 foreign guests.

CNR Holding chairman Ceyda Erem stated because of the intensity acquired in IMOB, 500 firms stayed out of the event, adding this year, they raised the amount of foreign buyers by 67% to 38.816. She also added that they hosted foreign guests from 131 countries together with Iran, Libya, Israel, Iraq, Palestine, Russia, Saudi Arabia, Azerbaijan, Lebanon, Bulgaria, Kosovo, Morocco, Germany, Jordan, Iceland, Panama, Monaco, Puerto Rico and Macedonia.

"A total of 122,516 furniture buyers visited the exhibition. We tend to additionally create an excellent contribution to the sector's $5 billion export target," she continued.

Pointing to the world Market Intelligence System enforced with the support of CNR Holding's International Business Development Department, Erem declared, with this method, consumers from everywhere the globe were invited to the exhibition and brought at the side of the Turkish furniture makers based on their wants.

Erem additionally highlighted that due to this method, they reached consumers from totally different countries and had not yet entered the Turkish market, recalling the event befell on a neighborhood of 150,000 sq. meters.

Meanwhile, Turkey's furniture trade, with its  high locality quantitative relation, exceeded the export targets for 2018, hitting $3.14 billion with a 14% year-on-year increase, Ahmet Güleç, the chairman of the Federation of piece of furniture Associations (MOSFED), stated recently. The same figure stood at $2.76 billion in 2017.

The sector carries out exports to over 177 countries. According to Güleç, Iraq, Saudi Arabia, Libya, Israel, Germany, Qatar, the U.K., the United Arab Emirates, France, and the U.S. were the leading destinations for Turkish furniture. The trade targets to achieve $3.75 billion in exports in 2019.

Last Updated: 3/1/2019 2:07:24 PM