Thailand Leather Market Demand Is Rising Day By Day
According to Thailand World Daily reported on November 21st, Thailand Foreign Trade Department of the Ministry of Commerce and the Department of economics of Chulalongkorn University cooperate to promote the Thailand leather industry plan. Api Larry, director of foreign trade, said that the purpose of the plan is to promote the sustainable growth of the Thai leather industry, including improving competitiveness, improving the quality of products and increasing market development.
China ranks first in the international leather market, followed by Italy and Thailand in twentieth place. If Thailand attaches importance to the quality of products and meets the needs of consumers and markets, we believe that Thai leather exports will grow well. Foreign market demand for leather products in Thailand is increasing. A leather business operator revealed that the global economic slowdown and domestic political turmoil had an impact on the leather industry. The United States is the main market of leather industry in Thailand. Financial problems in the United States spread to Europe and Asia. Leather and footwear operators must adjust themselves. China's production cost is lower than that of Thailand. Enterprises must improve their production quality and labor skills to compete with China.
The government must formulate measures to stimulate the development of leather and footwear industries, such as providing tax preferences and supporting scientific research, in order to promote the sustainable development of the industry, he said. At present, operators should look for other new leather materials and compete with China.
Sharma, Professor of economics at Chulalongkorn University, pointed out that the Thailand Foreign Trade Department of the Ministry of Commerce asked Zhu Da to study the impact of opening free trade on the leather industry. Although the global economic slowdown and domestic political turmoil, but if the Thai leather industry can formulate a good market strategy, can occupy a position on the international stage. We are going to have a deep understanding of all kinds of leather industry, improve the quality of products, investigate the needs of consumers, and produce special products.
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