THAILAND: Textile and apparel exports drop 12.2% in 2012
Thailand's textile and garment exports slumped 12.2% year-on-year in 2012 due to a decline in demand from key markets.
According to the Thai Textile Institute (TTI) and the Thai Garment Manufacturers Association (TGMA), exports fell to $7.22bn. Within this, textiles accounted for $4.27bn, down 13.68% against the previous year, while garment exports dropped 9.95% to $2.949bn.
Economic turmoil in global markets was blamed for declines to the US at $1.2bn (-14.08%), the EU at $1.09bn (-24.27%), Japan at $698.1m (-4.81%) and China at $388.5m (-15.5%).
During the year, the industry spent $3.99bn on importing materials for local production - a reduction of 2.81% compared with 2011. Of this, yarn and fibre imports fell 7.1% to $2.15bn but fabric rose 2.74% to $1.83bn.
Although exports suffered negative growth, imports of textile machinery surged 30.58% during the year to $442.8m.
An interactive databank with intelligence on the major apparel sourcing countries
- TPP tariff phase-out guides Vietnam sourcing plans
- Why fast fashion isn't a case of one size fits all
- How Central America garment sourcing measures up
- How virtual garments could shape fashion retail
- Where next for Walmart's 3D apparel design pilot?
- Ethiopia opens flagship textile and apparel park
- VF confident on "solid" sustainability roadmap
- Inditex and Lenzing sign textile waste pact
- VF Corp cuts guidance as Q2 profit plunges 70%
- EU and US dispute China raw materials duties
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- World Textile and Apparel Trade and Production Trends: the EU - June 2016
- Luxury Goods Retailing in Europe, 2014-2019 ; Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape
- Primark Stores Limited: Retailing - Company Profile & SWOT Analysis