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Thailand’s Garment Manufacturing Market Projected to Reach $11.8 Billion by 2032, Fueled by Government Support and Global Industry Relocation

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Thai Garment Manufacturing Market

Thai Garment Manufacturing MarketThai Garment Manufacturing Market

Thai Garment Manufacturing Market

Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) — The “Thailand Garment Manufacturing Industry Research Report 2023-2032” report has been added to ResearchAndMarkets.com’s offering.

Thailand, as the second-largest economy in Southeast Asia, boasts a per capita GDP of approximately US$6,600, positioning it as a middle to high-income country. The country’s population stood at 70.8 million by the end of 2022, and it possesses a robust labor force characterized by low labor costs. With over 40.24 million people aged 15 and above in the workforce, Thailand sustains a minimum daily wage of approximately US$10.

The textile industry in Thailand encompasses a comprehensive value chain, with more than 2,000 apparel and textile companies operating, primarily concentrated in Bangkok and eastern Thailand. This sector plays a…

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