A Deep Dive into Thailand's Cotton Trade

Thailand's cotton industry, though small, plays a vital role in its textile sector. A recent analysis of Thailand's cotton trade data from 2019 to 2024 reveals significant import trends, highlighting the nation's reliance on global markets.

Key Findings:

• Cotton Fibre Imports: Significant fluctuations observed. Peak in 2022: $549.73 million USD. Sharp decline in 2023 and 2024: $261.36 million USD and $204.35 million USD, respectively.
• Cotton Yarn Imports: Downward trend from 2019 to 2021. Peak in 2022: $160.06 million USD. Subsequent decrease in 2023 and 2024.
• Total Cotton Imports: Peak in 2022: $709.79 million USD. Significant drop in 2023 and 2024.

Insights:

• Small Domestic Industry: Thailand's cotton production is less than 1% of its total demand. High import values reflect this strong reliance on external sources.
• Global Importer: Thailand heavily depends on international markets to meet its cotton needs. The spike in 2022, followed by the decline, could be due to many global factors effecting trade, or local factors effecting Thailand.

Implications:

These trends underscore Thailand's position as a significant global cotton importer. Understanding these dynamics is crucial for businesses operating in the textile and apparel sector, as it allows for better strategic planning and market analysis.

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