London, UK (PRWEB) December 03, 2014
In 2013, Thailand went through dramatic changes regarding its economic picture and political system. The country seemed to recover from the previous year’s flooding crisis but abruptly exhibited technical recession owing to sluggish domestic consumption. Furthermore, the recurring political instability in Q4 2013 weakened the shopping mood. As a result, local consumers hesitated to spend on non-necessity items, such as branded footwear and apparel products. Thus, consumers tend to buy lower-tier retail brands or be on the watch for discounted items during the period of seasonal sales. The Tai apparel and footwear market is fragmented, with ICC International PCL, Jaspal Company Limited and Central Retail Corporation holding the leadership positions in the market. Meantime, international brands, including such potential entrants as Uniqlo, H&M, Zara, and Forever 21, are facing strong competition from local firms.
Moving forward, Thailand’s market for apparel and footwear is forecast to see a steady hike in demand along with an enhanced economic climate on the back of the ease in political tensions. The strong foundations built up by the national economy, adjustment of personal tax and the increased minimum wages of new graduates in the country are poised to augment domestic consumption, particularly branded items.
Topical research report “Apparel and Footwear in Thailand” created by Euromonitor International is now available at MarketPublishers.com.
Apparel and Footwear in Thailand
Published: November, 2014
Price: US$ 1,900.00
The report is a complete guide to the apparel and footwear market in Thailand. It provides the retail sales data for 2008-2013, which helps identify the growth sectors and the factors responsible for important changes in the marketplace, such as legislation, distribution issues, or trends fluctuations. The study offers unrivalled access to authoritative market data, covering market size (historical and forecasts), company market shares, brand market shares, and also distribution data. A profound analysis of the competitive landscape, the top-notch players, and leading brands is provided as well. Furthermore, the report presents exhaustive forecasts of the development of the Thai apparel and footwear market up to 2018.
Reasons to Purchase:
- Get a granular, unbiased idea of the apparel and footwear universe.
- Discover the high-growth sectors and identify the variety of factors driving changes.
- Gain a deep understanding the competitive scenario, the major market participants and top brands.
- Benefit from 5-year forecasts to see how the market will likely develop.
More topical reports by the publisher can be found at Euromonitor International page.