PLASFED: Second-quarter growth is welcome, but production costs must fall for it to last
PLASFED chairman Ömer Karadeniz commented on 2.3% economic and 2.4% industrial growth in the second quarter and called for lower raw material, financing, energy and labour costs.
Ömer Karadeniz, chairman of the Plastics Industrialists Federation (PLASFED), commented on TurkStat's second-quarter data. According to the figures, the Turkish economy grew 2.3% year on year in the second quarter of 2026. Seasonally and calendar-adjusted GDP rose 1.1% on the previous quarter. Industry grew 2.4% in the second quarter, after contracting 0.8% in the first.
The main message of Karadeniz's statement is the quality and durability of growth. The federation highlighted these points:
- lower financing, energy, raw material and labour costs,
- stronger policies that cut production costs and support investment,
- lower raw material, financing and energy costs, which are among the plastics sector's main problems,
- a shift to higher-value, competitive production while keeping existing capacity,
- stronger export competitiveness.
What does this mean for a molder?
The figures cover the economy and industry in general; they contain no plastics-specific production or order data. The sector's position is clear, though: growth is not expected to last unless cost items come down. To see the share of material, energy and labour in your own prices line by line, you can use our calculator.
Is something missing or wrong in this article? ; verified errors are corrected.
