B2B drives market demand, with B2B spending representing 79.0% of total demand in 2023. Turkiye Garanti Bankasi AS is the largest company in Turkey, generating 11.8% of the industry’s total turnover value in 2023. The industry is fragmented, with the top five companies generating 48.1% of total production value in 2023. The total number of companies increases in 2023, to 32,202 units. The costs of the industry increase by 7.9% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 64.7% of turnover in 2023, the highest regionally. With turnover of USD39.7 billion, Turkey accounts for 2.5% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Monetary Intermediation in Turkey: ISIC 651. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Monetary Intermediation in Turkey: ISIC 651 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of insurance and pension funding, monetary intermediation.
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