Thai Textile Industry Overview
veiw 198 Textile and garment industries play crucial roles in the Thai economy in terms of both the foreign exchange earnings as well as employment. By structure, the industries consist of six subsectors ranging from the fiber production, yarn spinning, weaving, knitting, the dyeing and finishing and the garment production.
For overall structure, Thai textile and garment industries include completely all production processes. The total value of whole industry has been the second after food and beverage industry. Overall employment is about 1.05 millions workers, or one-fifth of all manufacturing employment. The total production volume is over 3 million tons while the total demands of textile and garment is around 2.76 million tons, 91.7% of total production.
In 2011, the export value was expected to grow due to the cooperation of many projects under Asian Free Trade Area including The ASEAN Federation of Textile Industries (AFTEX), which helped boost the textile exporting in both Thailand and ASEAN countries. This export increase allows both the government and private sector to develop strategies in order to decrease the reliance in exporting only to the main markets as USA and EU.
Reference: The Office of Industrial Economics 2011