Home / Knowledge / News / Textiles / Thailand must look beyond EU for textile exports -THTI
Thailand must look beyond EU for textile exports -THTI
11
Jul '12
Thailand should promote its textiles and apparels in non-EU countries in order to boost growth, amidst lower demand from European nations owing to the ongoing debt crisis, Suttinee Poopaka, Executive Director of the Thailand Textile Institute (THTI) has said.
 
According to Ms. Suttinee, Thailand and Indonesia are the only Asean countries that have the entire textile value chain from raw materials to finished items.
 
She expects Thailand’s textile and garment exports to repeat last year’s performance, when they grew by 6.5 percent year-on-year to US$ 8.36 billion, especially if Thailand succeeds in increasing its exports to non-EU countries, and demand begins to pick up in Europe.
 
Last year, Thailand’s textile and apparel exports to Asean totaled US$ 1.5 billion, followed by US$ 1.45 billion worth of exports to the EU, US$ 1.4 billion to the US, US$ 728 million to Japan and US$ 460 million to China.
 
The country’s exports to the Asean region grew by 14 percent during 2011, and thus the region became top importer of Thai textiles and clothing.
 
During January-May 2012 period, Thailand’s textile and garment exports contracted by 15 percent, which includes a 27 percent dip in its exports to Europe, followed by a 19 percent fall in its exports to the US and 16 percent decline in exports to China.
 
Ms. Suttinee suggested that Thai manufacturers must further promote their textiles and garments in Asean countries, Japan, China, South Korea and the Middle East.
 
She especially stressed on Japan, as the far eastern country has a policy to decrease its dependence on China by procuring more from Asean countries, particularly Thailand, to reduce risks.
 
However, she said that Thai exporters must understand that Japanese market is unique, and eco-friendly fabrics with flower patterns are preferred over animal designs by Japanese consumers.
 
There are around 120,000 textile manufacturing units in Thailand, 99.8 percent of which are small and medium-sized enterprises.
 
TTHI’s strategy for this year is to focus on functional and technical textiles, in addition to non-woven and home textiles, as the garment sector is currently witnessing slow growth.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search