What is the current situation of Thai furniture exports?
Sanpakit: Despite the general gloomy situation of Thailand’s export sector, the furniture industry is one of the few industries that still have positive signs of growth for this year. However, we are concerned about the current economic situation in our two most important markets, the United States and Japan, and how the global economic slowdown underway will affect Thailand’s furniture exports to these key markets. We are projecting furniture exports to reach US$ 1.1 billion in 2001, up from up from US$945 last year. This would maintain our recent stretch of double-digit growth, which no other export industry has been able to maintain through the economic crisis. We are fortunate in that the furniture producers in Thailand use locally sourced materials and inputs almost exclusively in the manufacturing process, unlike many other industries which have to import raw materials. thailand.com: How important are the Japanese and American markets to furniture exporters in Thailand? Sanpakit:
