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The plastics and rubber industries showed an increase in confidence index at the end of 2020 from the December report issued by the Federation of Thai Industries. In addition, the confidence index in other industries that contain plastics components such as automotive parts and spare parts, air conditioner, printing and packaging, as well as medical and health also improved. It is estimated that for the year 2021, the economy may expand by 2.6% to 4.9%.

*Furthermore, exports of plastic products in October 2020 increased 2.9% YoY, with "industrial plastic parts" increased by more than 143 million baht (3.8 million USD) in key markets such as the USA, the Philippines and Argentina. “Sacks and PE bags” saw an increase in export of more than 118 million baht (3.2 million USD) in key markets such as the USA, Australia and New Zealand. "Pads in the strapping machine" had an increase in export of than 92 million baht (2.5 million USD) in key markets such as Belgium, Japan and the USA. Regarding the market of exports within ASEAN, Cambodia and Myanmar are still expanding compared to the other members. On a global level, the USA and China are still the two markets that perform well compared to the rest of the world.
Monitoring the market movement and relevant news closely, including development of the new wave of COVID-19, suggestions from the public and private sectors, as well as planning business strategies by incorporating technology and knowhow will enable effective trend forecast and adaptability in the face of challenges. “InterPlas Thailand 2021” is now gearing up to embrace the new chapter of plastics industry post-crisis through the presentation of machinery, solutions and opportunities to expand your supply chain network to empower every participant’s business.

*Source: Federation of Thai Industries, Plastics Institute of Thailand
The Ministry of Finance announced that the Export-Import Bank of Thailand will provide leasing for export entrepreneurs and related businesses, including importers of machinery and equipment for business development. The interest rate is 2% per annum for year 1 and 2, the prime rate is minus 2% per annum for year 3-5, and the prime rate for year 6-7 is 6% per annum. Application is open until 30 June.
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