Home / Knowledge / News / Textiles / TGMA optimistic of maintaining steady growth
TGMA optimistic of maintaining steady growth
05
Nov '08
Despite the fact that global economic crunch is taking its toll on almost all the industries, textile and garment sector of Thailand is quite optimistic to be able to cope up with the situation.

Although recession has engulfed the US, one of the major importers of Thai apparel products, experts opine that the industry will be able to maintain its export growth momentum.

In an exclusive interview with Fibre2fashion, Mr Dej Pathanasethpong, President of the Thai Garment Manufacturers Association (TGMA) told, “There is a severe demand drop from USA and European Countries. Their demand constitutes about 60 percent of global supply. This recession will affect on 25 percent of their demand. However, world demand would drop not more than 20 percent.”

Discussing about Asian exporters condition in the current scenario, Mr Pathanasethpong further stressed, “On the supply side, Asia is contributing about 70 percent of world demand on textile and apparel. Global recession would affect those countries that have higher cost compared to Asia such as Latin America, Eastern Europe, and North Africa. From above mentioned reasons the demand drop will have least impact on ASEAN countries.”

Available statistics show that in terms of production, Asia supplies 75-78 percent of the global demand, with China accounting for 35 percent of total supply, followed by Asean at 20 percent, and India and South Asia 17 and 18 percent respectively.

The President went on saying, “In order to cope up with the current situation, Asean suppliers must start concentrating on Japan and China. Japan will be major support to Asean textile and apparel, due to Asean-Japan free trade agreement.”

Mr Dej anticipates that Thai textile and garment shipments would surge by 7-8 percent this year to as much as $7.8 billion. Current domestic consumption is worth about 100 billion baht annually and it is also expected to maintain its stability.

Fibre2fashion News Desk - India


Must ReadView All

Market share of Indian textile items expand in 13 nations

Textiles | On 11th Dec 2017

Market share of Indian textile items expand in 13 nations

Thirteen countries — Germany, France, Italy, the United States,...

Bangladesh garment exports rise 7.46% in July-Nov '17

Apparel/Garments | On 11th Dec 2017

Bangladesh garment exports rise 7.46% in July-Nov '17

Readymade garment exports from Bangladesh increased 7.46 per cent in...

Cotton price increase is not sustainable: ITF

Textiles | On 11th Dec 2017

Cotton price increase is not sustainable: ITF

The increase in cotton price seen last week is only a short-term...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Dinaz Madhukar
DLF Emporio and DLF Promenade

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

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Pranav Mishra
Huemn

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


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