Oil Prices Put Pressure on Industrial Production
The ongoing rise in global energy prices is creating new cost challenges for manufacturers in Türkiye.
According to PLASFED President Ömer Karadeniz, Brent crude testing the $119 mark is placing serious pressure on production costs, making the current situation increasingly difficult for industrial producers to sustain.
Karadeniz emphasized that rising oil prices affect not only energy expenses but also core production inputs.
Plastics and Chemicals Among the Most Affected
The impact of rising oil prices is particularly visible in sectors that rely heavily on petroleum-derived raw materials.
Industries most affected include:
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Plastics
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Chemicals
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Packaging
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Automotive
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Home appliances
As oil prices climb, not only fuel costs but also key raw materials used in manufacturing increase simultaneously, pushing overall production costs higher.
Competitive Pressure in Export Markets
Karadeniz noted that many countries competing in global markets benefit from more affordable access to energy.
In Türkiye, however, increases in oil and energy prices are directly reflected in production costs, making it more difficult for exporters to remain competitive and maintain pricing advantages in international markets.
Petrochemical Investments Become Strategic
PLASFED also highlighted that high oil prices do not only raise current costs but also create uncertainty in future production and investment decisions.
If global energy prices remain at these levels, profit margins across many sectors could shrink significantly.
Karadeniz stressed that in order to maintain Türkiye’s manufacturing strength, structural measures to balance energy costs and greater investment in petrochemical production are becoming increasingly important.
