Thai gem, jewellery exports to rise on India demand
Tuesday, 26 January 2010
BANGKOK, Jan 25 (Commodity Online) : Thailand said Monday it's gems and jewellery exports is expected to improve by ten percent to more than $10.4 billion this year.
According to Thai Gem and Jewelry Traders Association, Demand from India and China is expected to propel the sector's exports, which were hit heavily by the global recession last year.
Exports of gems and jewellery from Thailand in 2009 were worth $9.4 billion, far below a projection of $10 billion due to the recession, said the Association.
But last year's performance still exceeded that of 2008, when export earnings were only $8.2 billion, it said.
The improving global economy is leading the association to explore new markets and organise roadshows abroad as a chance for smaller exporters to gain access to global markets, Association added.
The association plans to organise 14 roadshows this year at leading jewellery trade fairs., The events cover Italy, Hong Kong, Switzerland, Shanghai, Beijing, Seoul, Moscow, Las Vegas, Mumbai, Istanbul and Kuwait.
About 70 per cent of the value of jewellery exports from Thailand is generated by members of the association.
The 45th Bangkok Gems & Jewelry fair will run from Feb 26 to March 2. More than 100,000 foreign buyers are expected to participate and to view products from 3,200 Thai traders.
According to Thai Gem and Jewelry Traders Association, Demand from India and China is expected to propel the sector's exports, which were hit heavily by the global recession last year.
Exports of gems and jewellery from Thailand in 2009 were worth $9.4 billion, far below a projection of $10 billion due to the recession, said the Association.
But last year's performance still exceeded that of 2008, when export earnings were only $8.2 billion, it said.
The improving global economy is leading the association to explore new markets and organise roadshows abroad as a chance for smaller exporters to gain access to global markets, Association added.
The association plans to organise 14 roadshows this year at leading jewellery trade fairs., The events cover Italy, Hong Kong, Switzerland, Shanghai, Beijing, Seoul, Moscow, Las Vegas, Mumbai, Istanbul and Kuwait.
About 70 per cent of the value of jewellery exports from Thailand is generated by members of the association.
The 45th Bangkok Gems & Jewelry fair will run from Feb 26 to March 2. More than 100,000 foreign buyers are expected to participate and to view products from 3,200 Thai traders.