Thai lifestyle products enjoy 5% growth in 2013

[webfact]

Thai lifestyle products enjoy 5% growth in 2013
By Digital Content



BANGKOK, Dec 31 – Thailand’s lifestyle products grew 3-4 per cent this year and will possibly expand by 5 per cent next year, according to a local manufacturer.

Supat Srivannavit, president of the Association of Thai Lifestyle Products Federation, said total sales of lifestyle products increased from Bt100 billion last year to Bt105 billion this year thanks to strengthened markets in the US, Europe and Japan, and improved economies in Southeast Asia, China, South Korea, Australia and the Middle East.

China has become one of Thailand’s most significant markets with a satisfactory growth this year, he said.

He said the weakened baht, expected to depreciate to Bt33 against the dollar next year, will contribute to expansion of Thai exports, adding that half of locally-manufactured lifestyle products are for export.

Expressing concern about higher wage, he said some political parties may raise the issue of higher minimum wage in their political campaign.

Many small and medium enterprises including the wood products and ceramics industries have closed since earlier this year after the countrywide increase of daily minimum wage to Bt300, Mr Supat said. (MCOT online news)


-- TNA 2013-12-31

[Hornell]

What the heck is a "lifestyle" product?

[T_Dog]

What the heck is a "lifestyle" product?

Appears to be a Teddy Bear head you wear when you go shopping.

[Ricardo]

Do they shop for oodles of luxury-goods, or only the 'bear minimum', I wonder ?

[ratcatcher]

Do they shop for oodles of luxury-goods, or only the 'bear minimum', I wonder ?

Panda ing to the lowest common denominator.

[JoeThePoster]

The Chinese are buying Thai made teddy bears? Are the little children in Chinese factories on strike?

[tingtongteesood]

At the end it says wood and ceramics. I think it means things made here that nobody needs but they buy because they want them such as teddy bears, picture frames, all the 'cute' crap for kids you see everywhere etc There certainly is a huge amount of the rubbish around here...

[surangw]

What the heck is a "lifestyle" product?

useless items bought for show

[Soi Sauce]

What is the Thai life-style, apart from mimicking the western world?

Yingluk and her handbags, Benz and Beemers. Please tell me otherwise?

Oh, forgot; the kids doing Lady Gaga dances.

[outsider]

Burberry reported huge profits from the Thai market did they?