Sign up | Log in



Home  >>   Daily News  >>   Thailand  News  >>   Textile  >>   Thai textiles rebound
NEWS UPDATES Asean Affairs        21  March 2011

Thai textiles rebound

Related Stories

April 21, 2010
ADB urges Cambodia to boost competitiveness in tourism, textiles

May 9, 2009
World Bank: Cambodia’s economy to recover in 2010

March 29, 2009
Cambodian garment exports hit hard by global downturn

Thailand, once the region's leading textile and garment exporter, is resurging.

"The Thai textile industry is picking up, as China cannot serve the needs in the global market as it focuses on domestic demand and higher value-added products," said Pongsak Assakul, the president of the Thai Textile Industry Association.

The textile industry, once considered a sunset industry, has in recent months seen a sudden surge in the orders of customers returning to the country after being turned down by suppliers in China.

This comes despite signs that textile and garment exports from China were picking up last year when the country reported double-digit growth in its textile-related shipments.

China's textile imports and exports hit record highs in 2010, leading a recovery from the shadows of the financial crisis and a reeling global economy, according to the China Chamber of Commerce for Import and Export of Textiles.

Both imports and exports saw yearly growth above 20 percent in 2010. Even compared to the pre-crisis year of 2008, they swelled by 11.5 percent and 9.1 percent respectively, signaling the Chinese textile industry's move into substantive growth from an uncertain rally.

The value of textile product and garment trade increased by 23.3 percent year-on-year to $226.77 billion in 2010, accounting for 7.6 percent of China's total trade value, according to the General Administration of Customs.

Imports of textiles and garments continued to increase in 2010. In the first quarter of the year, the volume increased 15 percent year-on-year, or 4.3 percent compared to the same period of 2008, extending the momentum of a rally that began in December 2009.

But Thailand has managed to hold off the threat from China as more and more companies reap the benefits of years of work to adjust and upgrade. More innovative approaches to operating by the Thai textile and garment industry have helped the industry turn the corner once again. Now the industry is looking to prosper further under greater trade liberalisation with the full opening of the Asean grouping in 2015.

"As 2015 approaches, it is imperative that Thailand and our Asean friends be prepared for the implementation of the Asean Economic Community (AEC), and the challenges that it will bring in order to maintain our trade competitiveness, not only as a nation, but also as a bloc," said Nuntawan Sakuntanaga, director-general of the Department of Export Promotion of Thailand.

"Therefore, the DEP is doing its utmost to encourage Thai manufacturers in all industrial sectors, but especially in the fashion industry, to develop products with greater innovation. "They are also being encouraged to apply more appealing designs that meet international market demands, as well as strengthen business partnerships through local and Asean alliances."

Mr. Pongsak says that the country's textile industry was already innovative and was using the various countries in the region as its production bases in order to blunt the impact of cheaper goods from countries such as China in the past.

The sharper focus should help the industry record higher growth this year. The Thai fashion industry (textiles, garments and apparel) last year recorded total exports of $7.68 billion, an increase of 19.2 percent from 2009. Exports of leather goods rose 11.1 percent to $1.59 billion.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    21  March 2011 Subsribe Now !
 • Oil prices no threat to Indo budget
Subcribe: Asean Affairs Global Magazine
• Indo exports to Japan should drop, but rebound Asean Affairs Premium
• Malaysia market for electronic sales

• Philippines hopes to create a million jobs

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Increase in Philippines interest rate seen

• Australian take on SGX merger

• Red shirts rally in Northeast

• Thai textiles rebound
Asean Analysis    21   March 2011 Advertise Your Brand
• Asean reacts to Japanese crisis Sponsor Our Events
Asean Stock Watch    21  March 2011
• A Wild Week in ASEAN
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand