Thailand Knitted Fabric Market: Import Trend Analysis
Thailand import trend in the knitted fabric market showed robust growth from 2023 to 2024, with a notable increase of 29.16%. The compound annual growth rate (CAGR) for the period from 2020 to 2024 stood at 6.61%. This surge in imports can be attributed to a combination of factors such as shifting demand patterns, favorable trade policies, and market recovery efforts.
Knitted Fabric Market: Thailand vs Top 5 Major Economies in 2027 (Asia)
By 2027, Thailand's Knitted Fabric market is forecasted to achieve a stable growth rate of 4.89%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
Thailand Knitted Fabric Market Synopsis
The Thailand knitted fabric market is expected to grow at a steady rate during the forecast period of 2025-2031. The growth in this market can be attributed to the increasing demand for sports and athleisure apparel, growing population, and rising disposable income of middle-class households. Moreover, the government???s initiatives to promote regional textile industry are also driving the growth in this sector. Additionally, changes in consumer lifestyle and preferences have led to an increase in demand for comfortable yet stylish clothing which has further contributed towards boosting sales of knitted fabrics. Furthermore, technological advancements such as 3D knitting technology will propel market growth over the forecast period.
Market Drivers
The trend of wearing athletic clothing as casual wear has gained tremendous popularity among consumers globally thereby driving up demand for knitwear fabrics that provide comfort with style. This shift from classic dressing styles towards sporty looks is being driven by many factors such as changing lifestyles and increased health consciousness among consumers across different age groups which has resulted into high sales volume of athleisure apparel across global markets over recent years. A steadily growing population coupled with higher disposable incomes has improved overall purchasing power amongst Thailand citizens leading to an increase in spending on fashion related products including apparels made from knitted fabrics resulting into market expansion over time.
Challenges of the Market
Knitting industry largely depends on imported raw materials like yarns for production purposes; any fluctuation or rise in price may cause disruption or volatility throughout supply chain hence hampering overall business activities. Despite its huge potential Thailand domestic production capacities within knitting sector remain limited due mainly due cost competitiveness issues when compared against China; this may create problems with respect sourcing quality raw materials timely manner thus making it difficult sustain same level performance going forward.
Covid-19 Impact on the Market
The Covid-19 pandemic has had a significant impact on the knitted fabric market in Thailand. The demand for knitted fabrics has declined significantly due to the economic recession caused by the pandemic, affecting both manufacturers and retailers of knitted fabrics. This is primarily due to decreased consumer spending as people are more cautious about their finances. Furthermore, travel restrictions have led to lower international trade, further impacting the industry.
Key Players of the Market
Key players in the Thailand Knitted Fabric Market include Saha Pathanapibul Public Co., LTD., Teijin Limited (Thailand), Chemson Group Co., Ltd., ABA Textile Company Limited, and DKSH Thailand Ltd. These companies offer a range of products such as cotton knitwear, synthetic yarns & fabrics, woolen knitwear etc. They also engage in contract manufacturing services for customers across different industries including automotive, construction and healthcare among others.
Key Highlights of the Report:
- Thailand Knitted Fabric Market Outlook
- Market Size of Thailand Knitted Fabric Market, 2025
- Forecast of Thailand Knitted Fabric Market, 2032
- Historical Data and Forecast of Thailand Knitted Fabric Revenues & Volume for the Period 2022-2032F
- Thailand Knitted Fabric Market Trend Evolution
- Thailand Knitted Fabric Market Drivers and Challenges
- Thailand Knitted Fabric Price Trends
- Thailand Knitted Fabric Porter's Five Forces
- Thailand Knitted Fabric Industry Life Cycle
- Historical Data and Forecast of Thailand Knitted Fabric Market Revenues & Volume By Construction Type for the Period 2022-2032F
- Historical Data and Forecast of Thailand Knitted Fabric Market Revenues & Volume By Weft for the Period 2022-2032F
- Historical Data and Forecast of Thailand Knitted Fabric Market Revenues & Volume By Wrap for the Period 2022-2032F
- Historical Data and Forecast of Thailand Knitted Fabric Market Revenues & Volume By Fabrics Type for the Period 2022-2032F
- Historical Data and Forecast of Thailand Knitted Fabric Market Revenues & Volume By Flat/Jersey for the Period 2022-2032F
- Historical Data and Forecast of Thailand Knitted Fabric Market Revenues & Volume By Purl for the Period 2022-2032F
- Historical Data and Forecast of Thailand Knitted Fabric Market Revenues & Volume By Rib Stitch for the Period 2022-2032F
- Historical Data and Forecast of Thailand Knitted Fabric Market Revenues & Volume By Interlock for the Period 2022-2032F
- Thailand Knitted Fabric Import Export Trade Statistics
- Market Opportunity Assessment By Construction Type
- Market Opportunity Assessment By Fabrics Type
- Thailand Knitted Fabric Top Companies Market Share
- Thailand Knitted Fabric Competitive Benchmarking By Technical and Operational Parameters
- Thailand Knitted Fabric Company Profiles
- Thailand Knitted Fabric Key Strategic Recommendations
