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

Indonesia, Australia to sign CEPA in March

Textiles | On 16th Feb 2019

Indonesia, Australia to sign CEPA in March

Indonesia will sign a comprehensive economic partnership agreement...

Accord notes lack of progress in transition in Bangladesh

Apparel/Garments | On 16th Feb 2019

Accord notes lack of progress in transition in Bangladesh

The Accord recently expressed deep concern over the lack of progress...

Uzbek Prez signs decree for further textile sector reforms

Textiles | On 16th Feb 2019

Uzbek Prez signs decree for further textile sector reforms

Uzbek President Shavkat Mirziyoyev signed a decree recently for...

Interviews View All

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Stefan Warnaar, Peak to Plateau

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

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

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

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

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

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

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

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

Leave your Comments


February 2019

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

news category


Related Categories:

Advanced Search