Thailand's ceramic industry is expected to tend to reduce exports in 2009

Published: 16 May 2009 18:41:11

Thailand, Thailand and China, according to Farmer Research Center research report, Thailand ceramic products rely mainly on export markets, January-September period in 2008 its main export market for Japan, exports to 326,600,000 U.S. dollars, accounting for Thai ceramic products 52.6% of total exports. Exported to the Japanese market, the majority of Thai ceramic products are ceramic pipes, ceramic accessories, laboratory ceramic utensils, ceramic utensils and ceramic agricultural packaging. At the same time, the United States is Thailand's second largest ceramics export market, exports 79,300,000 U.S. dollars, accounting for Thai ceramic products 12.8% of total exports, which account for the largest sanitary ware proportion.

September 2008 outbreak of the financial crisis in the United States led the United States experienced severe liquidity shortage problem, and then spread to all over the world and cause the world economic slowdown, weakening the world, especially in the United States purchasing power of consumers. To this end, Kasikorn Research Center ceramic is expected to Thailand in 2008 will be a dramatic slowdown in exports, from 42.9 percent in 2007 to 17.3 percent growth slowdown, exports about 834 million U.S. dollars.

As in 2009, Kasikorn Research Center ceramic products is expected to tend to a substantial slowdown in exports, will grow only 2.3 percent, or 853 million U.S. dollars only, which is expected since the end of 2008, Thailand received orders for ceramic products show decline posture, and from the beginning of 2009 will result in a significant impact.

Trend is expected to reduce exports of ceramic products will include the building type such as ceramic sanitary ware, floor tile or ceramic wall tiles, mosaic tiles, ceramic souvenirs and ceramics, and tend to slow down the export of ceramic products will have ceramic insulator. To address the current global financial crisis situation, ceramic products operators should step up supervision of product standards to reduce the production and R & D costs, as well as to stimulate domestic consumer spending to compensate for the reduction of exports of ceramic products.