Thailand'S Flood Crisis Dragged The Textile And Garment Industry Into A Serious Recession.

According to the report of Thailand Taihua peasant research center in November 29th, Thailand textile and garment industry is one of the industries affected by the huge flood. As an important textile and clothing production base, the central part of Thailand was ravaged by huge floods, which not only caused local manufacturers to suffer damage, but also caused joint and negative impacts on downstream industries. The number of textile and garment factories affected by this catastrophic flood accounts for 51.4% of the total number of textile and garment factories in Thailand. Most of them are located in Bangkok and surrounding prefectural governs, of which clothing accounts for the largest proportion, followed by spinning, weaving and home textiles.

The Thai Farmers' Research Center believes that there should be a lot of them. Order In the fourth quarter of 2011 for the next quarter sales, Thailand's textile and clothing exports will be significantly hit by the large scale floods affected by domestic production, resulting in lower export volume. Forecast 。 In addition, Thailand's textile and garment industry is likely to lose business opportunities in the international market, because the major trading partners will transfer some of their orders to other competitors in the region with equal production quality, such as Indonesia and Vietnam, which are equal to Thailand.

The above factors will lead to Thailand textiles and clothing in 2011. Exit The year-on-year growth of 3.0-5.0% was only 79-81 billion, compared with 19.1% in 2010. Badly hit products will be ready-made garments, yarns and fibers. As for the trend in the first half of 2015, textile and garment production and exports are expected to recover in the first and second quarters after manufacturers recovered from the floods. However, if the recovery takes a long time, the relevant industries may have to look for other production bases or turn to rely on imported commodities.

The next stage must follow the flood situation in the western part of Bangkok until the Samut Sakhon government as a way to release the flood. As most of the textile and garment factories in the middle and lower reaches, such as the production base of dyeing, textile and garment factories, may increase the number of disaster hit factories, which will lead to the worsening export of textile and garment industry.

In addition, another difficult economic measure is the loss of business opportunities and competitiveness, that is, the capacity loss during post disaster reconstruction is the same as that of competitors being taken away from trading partners, especially in the competitive textile and garment industry.