Thailand's textile exports to Malaysia were valued at USD 84.295 million in 2024, with forecasts indicating a steady decline to USD 82.555 million by 2028. Compared to 2023, the value was slightly higher at USD 85 million (actual data). The year-on-year variation between 2023 and 2024 showed a -0.83% decrease, indicating a downward trend. Similarly, the average annual variation (CAGR) over the five-year period from 2024 to 2028 is forecasted to be -0.52%.
Key future trends to watch for include:
- Potential impacts of trade agreements and tariffs on textile exports.
- Shifts in global textile demand, especially from emerging markets.
- Technological advancements in textile production and their effect on cost and efficiency.
- Sustainability initiatives and regulations affecting supply chains in both Thailand and Malaysia.
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