Business

The trade volume of ₺350 million from the 5-day WoodTech Fair

Woodworking machinery sector, which is one of the sectors that contribute to the country’s economy by giving foreign trade surplus, also achieved a significant trade volume with the WoodTech fair. AIMSAD Secretary General Arif Onur Kacak said that many companies will give franchises to Europe and Russia.

Woodworking machinery sector, which is one of the sectors contributing to the country’s economy by giving foreign trade surplus, also achieved a significant trade volume with the WoodTech fair. During the 5-day fair, a business volume of ₺350 million was realized. Thanks to the cooperation that will continue after the fair, the sector’s exports are expected to increase significantly. Arif Onur Kacak, Secretary General of the Woodworking Machinery Industrialists’ Association (AIMSAD), who pointed out that significant sales were realized at the fair, but that cooperation and trade will continue afterward, said that many companies will give franchises to Europe and Russia. The global meeting of the woodworking machinery industry, which has increased its exports by 69% in the last 5 years, took place. Organized by Reed TUYAP in cooperation with the Woodworking Machinery Manufacturers’ Association (AIMSAD), the 34th WoodTech Fair, which is the largest meeting point of the industry in the Eurasia Region, opened its doors at Tuyap Fair Center and it closed with a successful trading volume. Together with the INTERMOB Furniture Accessories, Furniture Sub-Industry and Wood Technologies Fair, 500 direct participation, 300 foreign brand representatives and a total of 800 participants took part in the fair, with a total of over 50 thousand visitors from 110 countries, nearly 10 thousand of which were foreigners. A trade volume of ₺350 million was achieved for 5 days at the fair, where visitors from Russia, the Middle East, North Africa, Ukraine and the Balkans showed great interest.

NEARLY 10 THOUSAND FOREIGN VISITORS

Arif Onur Kacak, Secretary General of the Woodworking Machinery Manufacturers Association (AIMSAD), stated that the WoodTech fair was very productive for both participants and visitors, and gave the following information: “Participants in particular were very pleased with the fact that the fair was held physically. In our meetings with the exhibitors, we received feedback that they encountered a visitor profile who really needs machinery and wants to trade. They said that the number of domestic and foreign visitors was almost equal, especially during the week. The interest and intensity of foreign visitors seems to have satisfied the participants, considering the pandemic. There was great interest from visitors especially from Russia, the Middle East, North Africa, Ukraine and the Balkans. Over 50 thousand visitors came, of which nearly 10 thousand were foreigners and over 40 thousand locals. The trade volume at the fair was ₺350 million. 90% of the participants stated that they were satisfied with participating in the fair. Again, 95% of exhibitors are satisfied with the quality of visitors.”

TURKISH COMPANIES MADE DEALERSHIP AGREEMENTS WITH EUROPE

Saying that they had a quality fair that everyone was satisfied with despite the pandemic, Kacak pointed out that technologies competing with their European rivals were exhibited at the fair. Kacak noted that mass production lines, robot technologies, surface treatment machines, panel and solid furniture machines and many products where digitalization stands out were exhibited at the fair. “Visitors who could not come to the fair for some reason held meetings with the exhibitors at the hybrid fair in line with their needs and interests. The hybrid nature of the fair contributed to the real fair and increased satisfaction. In the meetings we held with the participants, we were informed that they would make important sales and dealership agreements after the fair. Many different companies will give franchises to Europe and Russia. Significant sales were also made at the fair, but we think that the cooperation and trade will continue intensely afterwards. We foresee that the trade figures will gain even more momentum and the Turkish machinery industry will spread to different geographies of the world.”

EXPORT TARGET IS $140 MILLION

Evaluating the current situation of the industry, Kacak made the following statements: “Our woodworking machinery industry has had a foreign trade surplus in the last 5 years. Our industry has grown 11 times in the last 20 years. We broke an export record in 2020.

We closed last year with $110 million of exports. In the first six months of this year, our production increased by 38% compared to the same period of the previous year, and our exports increased by 45% in the same period. In the last 5 years, we have achieved a 69% increase in exports. We plan to close this year with $140 million of exports. The global size of our industry is around €12 billion . Turkey is among the top 10 in the world in exports in this field and has a share of 2% from the global pie.”

Source: Sabah / Translated by Irem Yildiz

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