Department of Industrial Promotion, in cooperation with the Thai Footwear Association, has adopted a five-year strategy to turn Thailand into Asia’s shoe centre through the sustainable development of skilled workers, footwear design and technology.
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Data show that Thailand currently has nearly 500 homemade footwear, 7 thousand workers directly employed. Footwear production index last year up 10.3% decline compared to the same period from 2000 to 2008 the average higher than 6.8%. Major export products such as male and female leather shoes and sports shoes, the first ten months last year, yields were down 24.68%, 20.27% and 28.20%.
Thai footwear and related accessories over the past five years exports increased steadily, until in 2008 a slight decline. Last year, footwear and related accessories exports totaled 794 million U.S. dollars, compared with 2008, the 971 million U.S. dollars over the same period fell 18.20%. Thailand’s footwear industry in 2009 the top five export markets were the United States, Denmark, United Arab Emirates, United Kingdom and Belgium, most of the major markets over the previous year atrophy of different degrees.
Last year, the footwear industry in Thailand have a greater impact than the news of the beginning of a famous brand sports shoes production base will gradually shift from Thailand to other countries. Part of the brand moved their production lines to other countries, certainly in the short term on the footwear industry in Thailand in employment, exports and so on impact, but the blessing in disguise, no bad thing, this effect is produced by another incentive system in Thailand Shoes who work hard, from the past for foreign brand production to create their own brands into the international market.
Fiscal stimulus in China offset the decline in Thailand’s exports and is playing a role in the region’s rebound
Most of the infrastructure development in Thailand has been responsive to demand rather than forward-looking. Availability and accessibility appear to no longer be a challenge. The next step for Thailand is to put more emphasis on quality of service delivery, management, and sound regulation.
The four major competitors in more with the Thai industry to compete in the middle and low product market, as high-end market, Italy, France, Switzerland and Taiwan in Asia, South Korea is Thailand’s competitors. From fashion design, fine art craft production to Thailand with the footwear industry who have a gap, needs to catch up.
In support of free trade agreements, the Thai industry should also insist on continuing to enhance product quality, shorten the distance with the leading competitors and catch up. In addition, with 560 million people of ASEAN to Thailand in terms of not only a huge economic entity, foreign trade, economic ally, but also footwear, a large consumer market for Thai footwear provide unlimited opportunity.
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Global Gaming Expo Asia Overview
This event is a must for anyone involved in the Asian gaming industry: an overwhelming 95% of Asian casino and sportsbook operators attend G2E Asia to present their products
G2E Asia – an abbreviation for Global Gaming Expo Asia – is a renowned iGaming event and entertainment business hub where companies from all over the globe come to exhibit their latest products and innovations.
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