Thailand'S Garment Export Forecast Profits Will Decline In 2011

2010/12/29 9:29:00 41

Thailand

The national newspaper survey of Thailand's industries found that even if the Thai baht rose, the data showed

Exit

Growth will slow next year, and exporters from various industries in Thailand are optimistic about next year's export figures, suggesting that next year's exports will not be low this year under the new export strategy.

The following are the views of different sectors.

Thailand's garment industry will only grow by 10%, or $3 billion 200 million, this year because of the negative growth of 5% of capital growth.

The Thailand Garment Association said that the appreciation of the Thai baht, the rising cost of raw materials and labor, and the fragile global economy, especially in Europe, the United States and Japan, will be the cause of the export decline next year. There is no impact on the export of Thai baht this year. It is due to the fact that the industry has all received 4-6 months' advance orders, and the first, second quarter of next year will clearly see the impact.

Next year's sales and profits will decline. Although exporters try to hedge against the Thai baht, the instability of the exchange rate has undermined Thailand's competitiveness. In order to maintain exports, enterprises will focus on strong currencies.

market

Such as the European Union, Japan and the ASEAN countries and other countries with FTA in Thailand.