Thailand's exports of plastic products continued to the present slowdown in the rise

Thailand's exports of plastic products in 2008 increased 12% compared with year, thanks to price rises 13.3%, production is also a small increase of 0.8%. However, the plastic products exports since the second half of 2008 began tend to slow down and continued this year.

In January of this year, plastic products exports decline by 16.8% more than year. Reasons, including product and reduced orders, the global economic recession led to lower product prices. Noteworthy risk factors, including product orders may be further reduced as the global recession, as well as commercial banks to strictly credit approval.

Fortunately, the Government introduced measures to stimulate the economy, is facing a shortage of funds for enterprises, especially small and medium enterprises (SME) to provide low-interest loans, and introduced tax measures to aid small and medium enterprises to help operators, will benefit the plastics industry. Thai Farmers Research Center estimated in 2009, exports of plastic products tend to decline 7-12%.

Plastic products export trends, research centers predicted, packaging products also continued to grow, because it is daily. Jewelry products and plastic products are also growing opportunities for textile and garment industry is expected from the Thai-Japanese Economic Partnership Agreement (JTEPA) benefit. However, for the production of electrical appliances, electronic parts, plastic products and automotive parts, their demand will slow down as the global economic recession, because these products are durable goods, in the case of economic downturn consumers will defer purchase.

Plastic flooring products, plastic plaster a wall products, plastic decorations and furniture are forecast to be at home and abroad with the slumping real estate market slow down growth, as consumers tend to decline in the purchasing power.

Consumer demand as economic conditions change, tend to choose to buy quality is moderate, reasonable price products.


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