Thailand: Cotton Embroidery Market 2025

Cotton Embroidery Market Size in Thailand

In 2022, the Thai cotton embroidery market decreased by -25.2% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption recorded a pronounced reduction. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Cotton Embroidery Production in Thailand

In value terms, cotton embroidery production dropped to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by 21%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Cotton Embroidery Exports

Exports from Thailand

In 2022, shipments abroad of cotton embroidery in the piece increased by 28% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, cotton embroidery exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.4% against 2020 indices. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal (X tons) was the main destination for cotton embroidery exports from Thailand, with a 42% share of total exports. Moreover, cotton embroidery exports to Senegal exceeded the volume sent to the second major destination, Myanmar (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Senegal totaled +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+158.8% per year) and the United Arab Emirates (+1.0% per year).

In value terms, Senegal ($X), the United Arab Emirates ($X) and Myanmar ($X) constituted the largest markets for cotton embroidery exported from Thailand worldwide, together comprising 79% of total exports.

Myanmar, with a CAGR of +141.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cotton embroidery export price amounted to $X per ton, dropping by -1.8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 106% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Embroidery Imports

Imports into Thailand

In 2022, overseas purchases of cotton embroidery in the piece decreased by -16.6% to X tons, falling for the second year in a row after three years of growth. Overall, imports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by 113% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, cotton embroidery imports shrank dramatically to $X in 2022. Over the period under review, imports saw a pronounced reduction. The pace of growth was the most pronounced in 2013 with an increase of 94% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X tons), India (X tons) and China (X tons) were the main suppliers of cotton embroidery imports to Thailand, together comprising 96% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +54.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest cotton embroidery suppliers to Thailand were China ($X), Indonesia ($X) and India ($X), together comprising 96% of total imports.

In terms of the main suppliers, India, with a CAGR of +46.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cotton embroidery import price amounted to $X per ton, falling by -6.4% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton embroidery import price increased by +24.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 76% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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