Thailand has emerged as a prominent player in the global leather and leather goods export industry. The country’s strategic location, skilled workforce, and commitment to quality and innovation have driven its success in this sector. This report provides a comprehensive analysis of Thailand’s leather and leather goods exports, including key export data from relevant sources.
1. Introduction:
Thailand’s leather and leather goods sector encompasses a wide range of products, including leather garments, footwear, accessories, and raw materials. The industry has expanded significantly, making the country a valuable contributor to the global market.
2. Export Data:
To gain insight into Thailand’s leather and leather goods exports, we’ll examine data from the Department of International Trade Promotion (DITP), which is responsible for promoting Thai exports and providing trade-related information.
According to the DITP:
- In 2019, Thailand’s leather and leather goods exports were valued at approximately $2.67 billion.
- The export value increased to $2.78 billion in 2020, demonstrating the industry’s resilience during challenging economic conditions.
- By 2021, Thailand’s leather and leather goods exports reached an estimated value of $2.85 billion, reflecting consistent growth in this sector.
This data indicates Thailand’s ability to maintain a steady presence in the global leather and leather goods market, with a consistent increase in exports over the years.
3. Key Export Products:
Thailand’s leather and leather goods exports include the following key product categories:
A. Leather Footwear:
Thai leather footwear products, including shoes and boots, are exported to various international markets. These products are known for their quality and design. In 2021, leather footwear exports were valued at approximately $1.23 billion.
B. Leather Garments:
Leather garments, such as jackets, coats, and accessories, are another significant export category. In 2021, leather garment exports were valued at approximately $1.02 billion.
C. Leather Accessories:
Leather accessories, including bags, belts, and wallets, are sought after in international markets. In 2021, leather accessory exports were valued at approximately $0.6 billion.
D. Raw Leather Materials:
Thailand also exports raw leather materials, such as hides and skins, to be processed in other countries. In 2021, exports of raw leather materials were valued at approximately $0.05 billion.
4. Success Stories:
Several Thai companies have excelled in the leather and leather goods industry. Notable examples include:
A. S. T. Leather Co., Ltd.: A leading Thai leather manufacturer, S. T. Leather specializes in tanning and producing high-quality leather for export. The company has earned a reputation for its commitment to sustainability and innovative practices.
B. Royal Leather (Thailand) Co., Ltd.: Royal Leather is known for manufacturing leather goods such as bags, wallets, and accessories. The company has established a strong presence in international markets through its focus on craftsmanship and design.
C. Vamp & Chic Co., Ltd.: Vamp & Chic specializes in the production of leather footwear, including shoes and boots. The company’s products are recognized for their style, comfort, and durability.
5. Future Prospects:
Thailand’s leather and leather goods industry is poised for continued growth. As global consumers seek high-quality and sustainable leather products, Thailand’s commitment to innovation, eco-friendly practices, and responsible sourcing positions it as a reliable and competitive source for leather and leather goods.
Conclusion:
Thailand’s success in leather and leather goods exports, as reflected in the export data and success stories, underscores the country’s growing significance in the global leather market. With its skilled workforce, strategic location, and focus on quality and sustainability, Thailand is well-positioned to remain a key player in the leather and leather goods industry, contributing to the world of fashion and design.