Iran war shocks supply chains, pushes up costs for Turkish industry
Gamze Bal-ISTANBUL
Industries worldwide have been hit by supply-side shocks after the Iran war disrupted global supply chains, with Turkish manufacturers facing rising cost pressures as a result.
War-related disruptions in industrial inputs have driven up production costs in Türkiye, particularly in sectors reliant on imported raw materials. According to industry representatives, a surge in oil prices pushed costs in the plastics and packaging sectors up by 60 percent in the first month of the conflict. As increases later exceeded 90 percent, consumers faced price rises of more than 30 percent in the packaging of everyday goods.
The impact of the Strait of Hormuz crisis has also been felt in agriculture, with disruptions in fertilizer supply driving up domestic fruit and vegetable prices by 20 percent to 30 percent.
