The export of articles of apparel and clothing accessories from Thailand has exhibited a declining trend over the past decade. From 2013 to 2023, the export value decreased from USD 31.573 million to USD 20.061 million. In 2023, the export stood at USD 20.061 million. Over the last two years, the year-on-year variation was -4.01%, while the compound annual growth rate (CAGR) over the last five years was -4.13%.
Future forecasts predict a continuous decline, with a five-year CAGR of -3.91% and an overall reduction of 18.06% by 2028. This suggests sustained shrinking in export performance in this sector.
Future trends to watch for:
- Technological advancements and automation in apparel manufacturing.
- Shifts in global fashion trends and consumer preferences.
- Influence of international trade policies and tariffs.
- Environmental regulations impacting the apparel industry.
- Increasing competition from emerging markets.
