Turkeys second largest export sector and an important customer of several other industries. Production in both the vehicle and spare parts segments has increased significantly since 2010, due mainly to foreign demand.
Increased demand from the automotive, machinery and construction industries, together with the overall economic growth, has helped the sector.
Still particularly vulnerable, due to a combination of excess capacity, lack of branded production, low capitalisation, decreasing domestic and export demand, competition from the Far East, and a non-performing bank loans ratio of around 10%.
Chemicals and harmaceuticals
While pharmaceuticals production and distribution remain stable and strong subsectors, the plastics subsector faces similar structural problems to the textile sector.
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