Thailand: Leather Apparel Market 2024

Leather Apparel Market Size in Thailand

The Thai leather apparel market rose to $X in 2022, surging by X% against the previous year. Over the period under review, consumption saw a mild descent. Leather apparel consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Leather Apparel Production in Thailand

In value terms, leather apparel production reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Leather Apparel Exports

Exports from Thailand

In 2022, leather apparel exports from Thailand surged to X units, rising by X% against 2021 figures. Over the period under review, exports, however, continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, leather apparel exports surged to $X in 2022. Overall, exports enjoyed a mild increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) was the main destination for leather apparel exports from Thailand, accounting for a X% share of total exports. Moreover, leather apparel exports to Saudi Arabia exceeded the volume sent to the second major destination, Switzerland (X units), threefold. The third position in this ranking was taken by South Korea (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and South Korea (X% per year).

In value terms, Singapore ($X) remains the key foreign market for apparel of leather or of composition leather exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Switzerland (X% per year).

Export Prices by Country

In 2022, the average leather apparel export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per unit in 2021, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Apparel Imports

Imports into Thailand

In 2022, supplies from abroad of apparel of leather or of composition leather was finally on the rise to reach X units after seven years of decline. Overall, imports, however, showed a abrupt curtailment. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, leather apparel imports soared to $X in 2022. Over the period under review, imports saw temperate growth. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of leather apparel to Thailand, with a X% share of total imports. Moreover, leather apparel imports from Italy exceeded the figures recorded by the second-largest supplier, Vietnam (X units), twofold. China (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and China (X% per year).

In value terms, Italy ($X) constituted the largest supplier of apparel of leather or of composition leather to Thailand, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average leather apparel import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price saw a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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