{"id":16525,"date":"2016-09-09T15:16:12","date_gmt":"2016-09-09T12:16:12","guid":{"rendered":"http:\/\/localhost\/textilegence\/ready-wear-industry-refreshes-hopes-from-russian-market\/"},"modified":"2019-01-16T10:33:17","modified_gmt":"2019-01-16T07:33:17","slug":"ready-wear-industry-refreshes-hopes-from-russian-market","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/ready-wear-industry-refreshes-hopes-from-russian-market\/","title":{"rendered":"Ready-wear Industry Refreshes Hopes from Russian Market"},"content":{"rendered":"
\"Ready-wear
Ready-wear Industry Refreshes Hopes from Russian Market<\/figcaption><\/figure>\n

Ready-wear Industry Refreshes Hopes from Russian Market – Russia is re-opening its gates to Turkish exports as it is an important market for ready-wear industry. The sector aims to regain its previous strength in Russian market.<\/strong><\/em><\/p>\n

The normalization process in relations between Turkey and Russia pleased manufacturers and exporters of ready weak and turned expectations from negative to positive. Uluda\u011f Ready Wear and Confection Exporters Association (UHK\u0130B<\/a>) Chairman \u015eenol \u015eankaya made a statement, saying ready wear manufacturers raised hopes about Russian market.<\/p>\n

Exports<\/a> to Russia posted a dramatic fall since 2013 due to the political turmoil between the two countries. \u015eankaya continued, \u201cWe had exports of USD6.9 billion in total in 2013 before the figure plunged by 14% to USD5.9 billion. Meanwhile, in 2015 the decrease hit 39% at USD3.5 billion. The decline found reflection on export figures on industry specific basis as well. Turkey\u2019s ready wear exports to Russia was around USD414 million while it was down by 15% to USD351 million on a yearly basis in 2014. In 2015, the figure declined around 41% to USD204 million.\u201d<\/p>\n

Claiming that political crisis has immediate impact on economy in contrast to longer periods for normalization period, \u015eenol \u015eankaya said Turkey exported a value of USD872 million in January-July. This is expected to reach around USD1.5 million by the year end. \u201cThis figure is quite low when compared to the year 2013. Unfortunately, we see the same scene in industry specific exports. Apart from these negative developments; we hope to boost our exports to Russia thanks to the facts that Russian economy is exiting crisis; it has a high consumption potential; and Turkish ready wear manufacturers are able to work fast fashion,\u201d he stated. Russian economy had a tough time given the crisis with Ukraine; while it entered a recovery period as crude oil prices showed a rebound.<\/p>\n

Ready-wear Industry Refreshes Hopes from Russian Market<\/strong><\/h1>\n

Ready wear is among Turkey\u2019s pusher industries, \u015eankaya underlined. \u201cOnce the political normalization makes itself felt more in economic activity; our companies are likely to return to their strong days in Russian market,\u201d he said; adding that a military coup attempt that occurred on July 15 did not hamper ready wear industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ready-wear Industry Refreshes Hopes from Russian Market – Russia is re-opening its gates to Turkish exports as it is an important market for ready-wear industry. The sector aims to regain its previous strength in Russian market. The normalization process in relations between Turkey and Russia pleased manufacturers and exporters of ready weak and turned expectations […]<\/p>\n","protected":false},"author":2,"featured_media":19074,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9859],"tags":[9971,9886,4963,4194],"class_list":{"0":"post-16525","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-topical","8":"tag-exports","9":"tag-ready-to-wear","10":"tag-russia","11":"tag-uib"},"yoast_head":"\nReady-wear Industry Refreshes Hopes from Russian Market - Textilegence<\/title>\n<meta name=\"description\" content=\"Ready-wear Industry Refreshes Hopes from Russian Market - Russia is re-opening its gates to Turkish exports as it is an important market for ready-wear industry. 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Engin Buz halen ba\u015fta tekstil ve dijital bask\u0131 end\u00fcstrileri olmak \u00fczere ekonomi haberleri haz\u0131rlamaktad\u0131r.","sameAs":["https:\/\/www.textilegence.com","https:\/\/www.facebook.com\/TextilegenceMagazine","https:\/\/www.instagram.com\/textilegence\/","https:\/\/www.linkedin.com\/in\/engin-buz-6190799a\/","https:\/\/x.com\/https:\/\/twitter.com\/textilegence"],"url":"https:\/\/www.textilegence.com\/en\/author\/engin-buz\/"}]}},"_links":{"self":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts\/16525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/comments?post=16525"}],"version-history":[{"count":0,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts\/16525\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/media\/19074"}],"wp:attachment":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/media?parent=16525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/categories?post=16525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/tags?post=16525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}