Thailand: Cotton Embroidery Market 2024

Cotton Embroidery Market Size in Thailand

In 2022, the Thai cotton embroidery market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a slight downturn. Cotton embroidery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cotton Embroidery Production in Thailand

In value terms, cotton embroidery production dropped to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Cotton Embroidery Exports

Exports from Thailand

In 2022, approx. X tons of cotton embroidery in the piece were exported from Thailand; with an increase of X% against 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton embroidery exports skyrocketed to $X in 2022. In general, total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal (X tons) was the main destination for cotton embroidery exports from Thailand, with a X% share of total exports. Moreover, cotton embroidery exports to Senegal exceeded the volume sent to the second major destination, Myanmar (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Senegal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and the United Arab Emirates (X% per year).

In value terms, Senegal ($X), the United Arab Emirates ($X) and Myanmar ($X) were the largest markets for cotton embroidery exported from Thailand worldwide, with a combined X% share of total exports.

Among the main countries of destination, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cotton embroidery export price stood at $X per ton in 2022, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

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

Cotton Embroidery Imports

Imports into Thailand

In 2022, overseas purchases of cotton embroidery in the piece decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, cotton embroidery imports plummeted to $X in 2022. Over the period under review, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), India (X tons) and China (X tons) were the main suppliers of cotton embroidery imports to Thailand, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest cotton embroidery suppliers to Thailand were China ($X), Indonesia ($X) and India ($X), together accounting for X% of total imports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cotton embroidery import price amounted to $X per ton, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. The import price peaked at $X per ton in 2021, and then shrank slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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