Home / Knowledge / News / Apparel/Garments / Thai garment exports to achieve 2% growth: TGMA report
Thai garment exports to achieve 2% growth: TGMA report
30
Oct '14
Thai garment exports is expected to achieve a 2 percent growth this year with an increase in the orders from its main markets, according to a report from the Thailand Garment Manufacturers’ Association (TGMA), the National News Bureau of Thailand said.

The export value in 2014 will be worth around US$ 2.9-3.0 billion, which will be a growth of 2 percent, due to the orders from the main markets with high purchasing power such as the United States and the European Union, the report says.

According to TGMA, the export value in the first eight months of 2014 stood at $1,956 million, a one percent increase compared to the same period last year.

The association has set its goal for 2015 at 3-5% growth in garment exports.

For the launch of the ASEAN Economic Community in 2015, TGMA is now seeking new export markets in countries such as Japan, India, Africa, Australia, and Russia as well as extending its manufacturing base in ASEAN countries.

Around 30 to 50 members of TGMA are now starting to extend their manufacturing base into other ASEAN countries, especially Vietnam and Cambodia, TGMA said. (GK)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search