Turkey.. 8th Booming Market for Logistics Sector in Emerging Markets

Davos 2011 has a special importance for Turkish logistics market as Turkey has been named as the world’s 8th booming market for logistics sector in the Emerging Markets Logistics Index 2011, published on 25th January from the World Economic Forum in Davos.

Comparing 39 emerging markets, said index identifies key attributes that make these markets attractive for investment. Unsurprisingly, BRIC countries (Brazil, Russia, India and China) were evaluated as the most attractive emerging markets for logistics companies. As expected China ranked first, India second, Brazil third, Indonesia fourth and Russia fifth. Saudi Arabia was up four notches from last year and ranked sixth. Mexico ranked seventh and Turkey eighth. The UAE came ninth and Chile tenth.

The Advantages of  Turkey

As transportation costs are getting more important for foreign investors, they start to turn their faces towards near sourcing markets. Being closer to the consumer markets in the West, Turkey gains a more important role in the global economy.

Its closer location to Europe, Russia, the Middle East Region and Africa offers great advantages to Turkey.

Indeed, the Turkish Logistics Sector has shown a great progress in the last years, in parallel to the country’s improving economy.  Today there are 1,500 companies, 400,000 employees and 46,000 vehicles serving in the Turkish Logistics Sector. The revenue of the market is 5 billion euros.

43% of the transportation is done via road transportation. As targeted export figure of

Turkey targets an export figure of  500 billion dollars by the year 2023 and the Turkish logistics industry aims to create 30 international logistics brands and employ 1,5 million employees.

SOURCE: UTA LOJISTIK

WEB PAGE: www.utalojistik.com.tr