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Russia Textiles and Clothing Report Q4 2009Published by: Business Monitor International Published: Sep. 21, 2009 - 47 Pages Table of Contents
AbstractHaving once been a heavyweight in the global rankings, Russia is now a small to medium-sized textilesand clothing T&C producer, whose importance is increasingly as a consumer and retailer of fabrics andclothing rather than as a manufacturer. BMI ranks it as number 40 in the world in terms of T&Cmanufacturing value added. In nominal terms, we estimate that to have amounted to US$10.90bn in 2008.A sign of the country’s new role is that it runs a regular T&C trade deficit. In 2007, the latest availablefinal figures, T&C exports were US$690mn, against imports of US$18.9bn, leaving a trade deficit ofUS$18.2bn. Overall Russian T&C value added will fall by 17.2% in 2009 and by 5.8% in 2010, reflecting verydifficult international economic conditions. We see a moderate recovery setting in from 2011, withgrowth of 2.3%. The industry’s trade performance will also reflect the especially difficult internationaleconomic situation, with exports and imports falling. Get Full Details About This Report >> |
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