| Product Code: ETC039426 | Publication Date: Jul 2023 | Updated Date: Mar 2026 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Thailand import trend in the knitwear market showed a growth rate of 4.54% from 2023 to 2024, with a compound annual growth rate (CAGR) of 21.12% from 2020 to 2024. This upward momentum can be attributed to the increasing demand for quality knitwear products in the region, reflecting a positive market stability and consumer preference for such goods during the period.

By 2027, Thailand's Knitwear market is forecasted to achieve a stable growth rate of 1.55%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.

The Thailand knitwear market is expected to grow at a CAGR of 5.27% during the forecast period 2025-2031. The increasing popularity of sportswear and athleisure, improved economic condition and purchasing power parity in the country are some of the major drivers for Thailand knitwear industry. In addition, rising demand for eco-friendly clothing has also been driving sales growth in recent years. Moreover, government initiatives aimed at promoting domestic production as well as improving product quality are likely to further boost industry growth over the coming years.
The growing trend towards leisure activities such as yoga and fitness among Thailand millennials is driving demand for sportswear and athleisure apparel including knitwear garments such as hoodies, joggers, etc., which have become very popular in urban areas. This increased preference for casual yet stylish clothing has contributed to an increase in demand within this segment which will drive market growth during the forecast period 2025-2031.
The highly fragmented structure of Thailand knitting garment industry means that it???s difficult to gain any sort of competitive advantage or economies of scale compared to larger players operating internationally.This increases competition while giving local producers access cheaper imports from countries like China, India, Bangladesh, etc., resulting in thin margins across much of the sector .
The Covid19 pandemic has had an adverse effect on many markets globally including Thailand knitwear market where lockdown measures resulted in temporary closure or slowdown operations at textile mills causing disruptions throughout supply chains.However despite these challenges, some manufacturers managed adapt quickly through digitalization eCommerce channels helping them maintain operations while continuing reach new customers.
Major players operating within the Thailand knitwear market include Boonklieng Knitting Co., Ltd., Kaset Thani Textile Mills Public Co., Ltd., Yarn Thailand Public Company Limited (YTN), Thermosoft International Corporation (TIC) and SGS Knitware Co., Ltd.. These companies are focused on developing innovative products that meet customer needs and provide high quality services at competitive prices. They are also investing heavily in research and development activities to stay ahead of their competition. Other key players within this sector include Asian Apparel Group (AAG), Maneechan Group Holdings Plc, SukhoThailand Spinning Mill PCL and Sueksanong Texknit Co., Ltd.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Knitwear Market Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Knitwear Market Market Revenues & Volume, 2022 & 2032F |
3.3 Thailand Knitwear Market Market - Industry Life Cycle |
3.4 Thailand Knitwear Market Market - Porter's Five Forces |
3.5 Thailand Knitwear Market Market Revenues & Volume Share, By Product Type, 2022 & 2032F |
3.6 Thailand Knitwear Market Market Revenues & Volume Share, By Material Type, 2022 & 2032F |
3.7 Thailand Knitwear Market Market Revenues & Volume Share, By Applications, 2022 & 2032F |
3.8 Thailand Knitwear Market Market Revenues & Volume Share, By Consumer Group, 2022 & 2032F |
3.9 Thailand Knitwear Market Market Revenues & Volume Share, By Distribution Channel, 2022 & 2032F |
4 Thailand Knitwear Market Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Knitwear Market Market Trends |
6 Thailand Knitwear Market Market, By Types |
6.1 Thailand Knitwear Market Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Knitwear Market Market Revenues & Volume, By Product Type, 2022-2032F |
6.1.3 Thailand Knitwear Market Market Revenues & Volume, By Innerwear, 2022-2032F |
6.1.4 Thailand Knitwear Market Market Revenues & Volume, By T-Shirts & Shirts, 2022-2032F |
6.1.5 Thailand Knitwear Market Market Revenues & Volume, By Sweaters & Jackets, 2022-2032F |
6.1.6 Thailand Knitwear Market Market Revenues & Volume, By Sweatshirts & Hoodies, 2022-2032F |
6.1.7 Thailand Knitwear Market Market Revenues & Volume, By Shorts & Trousers, 2022-2032F |
6.1.8 Thailand Knitwear Market Market Revenues & Volume, By Evening Dresses, Suits, & Leggings, 2022-2032F |
6.2 Thailand Knitwear Market Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Knitwear Market Market Revenues & Volume, By Natural, 2022-2032F |
6.2.3 Thailand Knitwear Market Market Revenues & Volume, By Synthetic, 2022-2032F |
6.2.4 Thailand Knitwear Market Market Revenues & Volume, By Blended, 2022-2032F |
6.3 Thailand Knitwear Market Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Thailand Knitwear Market Market Revenues & Volume, By Outerwear, 2022-2032F |
6.3.3 Thailand Knitwear Market Market Revenues & Volume, By Innerwear, 2022-2032F |
6.3.4 Thailand Knitwear Market Market Revenues & Volume, By Sportswear, 2022-2032F |
6.3.5 Thailand Knitwear Market Market Revenues & Volume, By Others, 2022-2032F |
6.4 Thailand Knitwear Market Market, By Consumer Group |
6.4.1 Overview and Analysis |
6.4.2 Thailand Knitwear Market Market Revenues & Volume, By Men, 2022-2032F |
6.4.3 Thailand Knitwear Market Market Revenues & Volume, By Women, 2022-2032F |
6.4.4 Thailand Knitwear Market Market Revenues & Volume, By Kids, 2022-2032F |
6.5 Thailand Knitwear Market Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Thailand Knitwear Market Market Revenues & Volume, By Online, 2022-2032F |
6.5.3 Thailand Knitwear Market Market Revenues & Volume, By Offline, 2022-2032F |
7 Thailand Knitwear Market Market Import-Export Trade Statistics |
7.1 Thailand Knitwear Market Market Export to Major Countries |
7.2 Thailand Knitwear Market Market Imports from Major Countries |
8 Thailand Knitwear Market Market Key Performance Indicators |
9 Thailand Knitwear Market Market - Opportunity Assessment |
9.1 Thailand Knitwear Market Market Opportunity Assessment, By Product Type, 2022 & 2032F |
9.2 Thailand Knitwear Market Market Opportunity Assessment, By Material Type, 2022 & 2032F |
9.3 Thailand Knitwear Market Market Opportunity Assessment, By Applications, 2022 & 2032F |
9.4 Thailand Knitwear Market Market Opportunity Assessment, By Consumer Group, 2022 & 2032F |
9.5 Thailand Knitwear Market Market Opportunity Assessment, By Distribution Channel, 2022 & 2032F |
10 Thailand Knitwear Market Market - Competitive Landscape |
10.1 Thailand Knitwear Market Market Revenue Share, By Companies, 2025 |
10.2 Thailand Knitwear Market Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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