Thailand Expects Leather Exports To Continue To Grow At A High Speed Next Year.

According to reports from Thailand media (Bankok Post) on Thursday, the export of leather products from Thailand to overseas is of high quality and reasonable price, so export is good, and exports are expected to increase by 7% next year.

Veera Lertruangpunyavut, vice chairman of the Thai Leathergoods Association (TLA), said that the leather industry is developing very well this year, and the growth momentum is strong, mainly because of orders from European customers. Leathergoods

Because Thailand will lose the identity of Generalised System of Preferences in some European countries by the end of the year, customers from Europe have accelerated the purchase order and started to increase their inventory.

He said that although Thailand had lost its tariff advantage in some European markets, the strong demand in other markets, such as the ASEAN market, brought a turning point for the export of leather goods in Thailand. They expect the export volume to maintain a high growth rate next year.

The association predicts that the export of leather products in Thailand will reach $1 billion 870 million this year, up by 7.5% over the same period last year. The rapid growth of the export of luggage and bags has led to the growth of the export of leather industry.

Veera also said that another good news is that the Thailand government has provided financial support to the members of the association and encouraged them to set up pop-up shops, which is mainly aimed at high-end foreign consumers and fashion experts.

He also said that because of the high quality of leather products in Thailand, it is popular among high-end consumers in many markets, especially in the United States, China, Hongkong, China, Japan, Denmark, Switzerland and Germany.

　　 Veera They also know that crocodiles and freshwater stingray (stingrays) skin products are very popular in China because Chinese consumers believe that these products will bring luck and wealth to them.

The association will carry out more exhibitions in some provinces of China together with the Ministry of Commerce of Thailand.

He said association And members will also focus their exports on the Asian market next year, especially Singapore, Malaysia, Indonesia, Philippines and Burma.

Veera also urges the Thailand government to give Leather Industry More support to encourage the development and export of its finished products. He hoped that the government could avoid 3% of the import tax on raw materials so as to reduce the manufacturing costs of the enterprises, because the leather industry in Thailand is mainly made up of small and medium-sized enterprises, so that their market competitiveness can be enhanced.