Key Market Indicators
The export of Thai clothing accessories is projected to decline significantly, with exports expected to drop to approximately $15.7 million by 2028, down from around $20 million in 2023. This marks a year-on-year compound annual growth rate (CAGR) decrease of 3.9%. Since 1994, Thailand's supply of clothing accessories has been falling at an average rate of 4.1% per year. In the global ranking, the Netherlands, Malaysia, and Italy hold the second, third, and fourth positions, respectively. On the import front, Thailand's clothing accessories market is also experiencing a steep decline. Imports are set to plummet to about $34,600 by 2028 from roughly $112,500 in 2023, reflecting an average annual decrease of 18.5%. Thai demand for these imports has been decreasing at an average rate of 5.7% per year since 1993.