Thailand's garment industry will only grow by 10%, or $3 billion 200 million, this year because of the negative growth of 5% of capital growth.

The Thailand Garment Association said that the appreciation of the Thai baht, the rising cost of raw materials and labor, and the fragile global economy, especially in Europe, the United States and Japan, will be the cause of the export decline next year. There is no impact on the export of Thai baht this year. It is due to the fact that the industry has all received 4-6 months' advance orders, and the first, second quarter of next year will clearly see the impact.

Next year's sales and profits will decline. Although exporters try to hedge against the Thai baht, the instability of the exchange rate has undermined Thailand's competitiveness. In order to maintain exports, enterprises will focus on strong currencies.