Research and Markets: In 2009 Thailand Bought US$2.9 Bn Worth of Textiles and Clothing from the Rest of the World Says 2010 Report
* Reuters is not responsible for the content in this press release.
DUBLIN--(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/b88add/prospects_for_the) has announced the addition of Textiles Intelligence's new report "Prospects for the Textile and Clothing Industry in Thailand 2010" to their offering. The textile and clothing industry in Thailand encompasses a broad range of manufacturing activities and process stages, unlike the industries in many other Asian countries. It provides jobs for over 1 mn people, making it the largest employer in Thailand's manufacturing sector. Furthermore, its success in export markets has made it a significant earner of foreign exchange. Thailand is also a major importer of textiles and clothing as well as being a major exporter and in 2009 it bought US$2.9 bn worth of these items from the rest of the world. The textile and clothing industry has benefited significantly over the years from government policies designed to encourage its development, and from the governments liberal stance on trade and foreign investment. However, it has also faced a number of challenges, including rising labour costs, declining productivity, and the global elimination of quotas which exposed it to the full forces of international competition. More recently, it has been adversely affected by the global economic downturn and in 2009 it suffered from an 11% fall in exports. Also, investors have been concerned about social and political instability and matters became even more serious in April 2010 when the government declared a state of emergency in response to a rising tide of street protestors. Internationally, there is the ever present threat of competition from other Asian producers, notably China. Although the quality of production in Thailand is considered to be good, production costs are higher than in many competing countries. More positively, there are hopes that the decline in exports will be reversed in 2010 as demand picks up, not least in the key Western markets of the USA and the EU. Also, closer links are being forged with Japan under the terms of the Textile and Apparel Development for Export to Japan under JTEPA Framework initiative, and this holds the promise of access to the latest technology and enhanced marketing opportunities. Looking forward, although competition from lower cost countries looks set to intensify, the industry has the potential to become a significant and growing supplier of high added value products to international brands and major global retailing groups. Key Topics Covered: * IMPORTANCE OF THE TEXTILE AND CLOTHING INDUSTRY TO * THE ECONOMY OF THAILAND * DEVELOPMENT OF THE TEXTILE AND CLOTHING INDUSTRY IN THAILAND * THAILAND: GEOGRAPHICAL, POLITICAL AND ECONOMIC * THAILAND: INFRASTRUCTURE * Road network * Rail and mass transit systems * Airports * Waterways and seaports * THAILAND: HUMAN RESOURCES * SIZE AND STRUCTURE OF THE TEXTILE AND CLOTHING * INDUSTRY IN THAILAND * THAILAND: FIBRE PRODUCTION AND CONSUMPTION BY THE * TEXTILE INDUSTRY * THAILAND: TEXTILE AND CLOTHING PRODUCTION AND * CONSUMPTION * PRODUCTION TECHNOLOGY AND MACHINERY IN THAILANDS * TEXTILE AND CLOTHING INDUSTRY * THAILANDS TEXTILE AND CLOTHING EXPORTS * Textile and Apparel Development for Export to Japan under * JTEPA Framework * THAILANDS TEXTILE AND CLOTHING IMPORTS * TEXTILES AND CLOTHING IN THAILAND: GOVERNMENT * POLICIES AND INVESTMENT INCENTIVES * TEXTILES AND CLOTHING IN THAILAND: STRENGTHS, * WEAKNESSES, OPPORTUNITIES AND THREATS * List of tables * List of Maps * Map of Thailand For more information visit http://www.researchandmarkets.com/research/b88add/prospects_for_the Research and Markets Laura Wood, Senior Manager, press@researchandmarkets.com U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Copyright Business Wire 2010
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.


Follow Reuters