16 Mar 2021
Industry
KResearch projects that the sales of Hybrid Electric Vehicles (HEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) in 2021 will likely amount to 48,000-50,000 units, or growth of 63-70 percent YoY. Such innovative vehicles are set to become the standard models for numerous car brands, providing the f... Read more
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15 Mar 2021
Agriculture
KResearch views that Thailand’s rice exports in 2021 will likely remain steady at around 5.8-6.0 million tons, or an estimated growth rate of 1.3-4.8 percent YoY. This rate is higher than the total growth of demand for rice in the global market, which stands at 1.7 percent. Jasmine rice exports to t... Read more
12 Mar 2021
KResearch is of the view that although Thais have increasingly attached importance to environmental problems, their decision to purchase eco-friendly products and services may depend on many factors. These include whether such products and services help address environmental issues, or not, and thei... Read more
25 Feb 2021
The COVID-19 pandemic has significantly bolstered global demand for microchips. This is because it has triggered changes in the business sector and prompted consumers to increasingly use digital technology in their businesses and daily life while also accelerating the transition towards 5G technolog... Read more
This year’s dry season (January – April 2021) is expected to be mild and will likely be less severe than 2020, based on the slight drop in dam levels by 7.3 percent YoY. So far, this decrease has been limited to reservoirs in western Thailand, whereas other regions are seeing higher water levels tha... Read more
23 Feb 2021
Trading
Thailand’s outward trade posted steady growth over-month in January 2021 as the global economy began to recover. Excluding gold, Thai exports increased 6.3 percent, suggesting stronger demand for Thai products abroad, in particular automotive accessories, which surged 18.8 percent YoY, against the 0... Read more
18 Feb 2021
Services
The economic recovery of Thailand’s trading partners should see further improvement from the previous year as they continue to adjust to the COVID-19 pandemic. Many countries still rely on importing goods from Thailand, especially IT products, which have steadily displayed signs of accelerated growt... Read more
17 Feb 2021
Following the coup d’ètat in Myanmar, investors’ concerns towards the unrest and upcoming government actions have intensified. The automotive industry has already dealt with frequent changes in policy and regulations over the past few years. From KResearch’s viewpoint, Myanmar was until recently an ... Read more
28 Jan 2021
KResearch assesses that the new wave of COVID-19 outbreak in Thailand may affect trade partners’ confidence in food safety in the short run. Subsequent challenges for Thai fishery product exporters will likely be limited consumer demand and fierce competition in the fishery market as rivals prepare ... Read more
27 Jan 2021
The COVID-19 situation, both domestic and international, continues to be fraught with uncertainty as purchasing power comes under pressure and consumers tend to spend more cautiously. Moreover, the COVID-19 prevention and control measures in Thailand include restrictions regarding on-premise dining ... Read more
Real Estate and Construction
The residential property market has been facing a challenge once again since the beginning of 2021 due to the resurgence of COVID-19. In 2020, it was adversely affected by the COVID-19 pandemic as evidenced by substantial contractions in the residential property business indicators.... Read more
22 Jan 2021
The COVID-19 pandemic continues to persist worldwide, including in Thailand. In spite of this, hopes for COVID-19 vaccines, lesser stringent lockdown measures than the previous round of the pandemic and economic stimulus measures introduced by many countries helped support Thai exports in December 2... Read more
20 Jan 2021
Tourism
Domestic travel is imperative in driving Thailand’s tourism in 2021. Unfortunately, it has slowed down again since the beginning of 2021 due to the resurgence of COVID-19. As a result, the Center for COVID-19 Situation Administration (CCSA) has reimposed stringent COVID-19 restrictions, especially i... Read more
14 Jan 2021
On December 30, 2020, the US Department of Commerce announced affirmative preliminary determinations in the antidumping duty (AD) investigations of passenger vehicle and light truck tires (passenger tires) from Thailand, Taiwan, South Korea and Vietnam. It preliminarily determined that exporters fro... Read more
8 Jan 2021
KResearch assessed that the Thai agriculture in 2021 is set to have brighter outlook, with farm income projected to increase in the range of 1.0 to 1.5 percent YoY. This growth is attributable to an expected rise in farm output by 2.0 to 2.5 percent YoY due to higher levels of rainfall influenced b... Read more
25 Dec 2020
KResearch views that the business environment for restaurants in 2021 is still fraught with risks as in the preceding year, as a new wave of local COVID-19 transmission, fierce competition among businesses and the yet-to-recover purchasing power will affect any recovery of restaurants in 2021 to var... Read more
23 Dec 2020
Thailand’s outward trade exhibited improving signs in November 2021 despite soaring COVID-19 infections in the US and Europe. November shipments shrank only 3.65 percent YoY, against the 6.71 percent YoY contraction reported for October 2020. Excluding oil-related products, gold and arms, November ... Read more
17 Dec 2020
KResearch assesses that southern rubber and oil palm growers may lose approximately THB6.6 billion in income due to the impact of flooding from December 2020 to March 2021. A shortfall of around 0.58 million tons in both rubber and oil palm outputs is expected after floods have wrecked havoc on rubb... Read more
9 Dec 2020
Thailand’s inbound tourism in 2021 has begun to see positive news, regarding significant progress on the COVID-19 vaccine development, and its planned use with people in many countries by the end of 2020. In addition, Thailand has signed an advance agreement with a pharmaceutical firm to secure supp... Read more
The construction industry has experienced a sudden spike in costs at construction sites due to operational adjustments to cope with the coronavirus (COVID-19) pandemic. Such costs include transportation, accommodation and personal protective equipment for workers. KResearch is of the view that COVID... Read more
Under the assumptions of no second wave of local COVID-19 outbreak, the government’s gradual easing of travel restrictions to allow for more international travelers and no escalation of domestic political situation, KResearch projects that the revenue and profit of listed private hospitals will make... Read more
Thai air conditioner exports are set to face numerous challenges ahead. These include competition from new rivals like Vietnam in the inverter air conditioner segment (normal model), plus the fact that consumers in emerging markets have increasingly purchased inverter air conditioners, and this has ... Read more
4 Dec 2020
KResearch projects that the total value of Thai food and beverage exports for 2020 will stand at USD 24.9 billion, equivalent to growth of 3.0 percent YoY as the COVID-19 crisis has driven up demand for food products among Thailand’s trade partners. Moreover, Thai manufacturers have been able to mai... Read more
23 Nov 2020
Despite indications that the global economy would continue to recover in October 2020, Thai export figures for the month plunged by 6.71 percent YoY to USD 19.37 billion. Regardless, upon exclusion of products related to oil, gold and munitions, exports fell by 4.89 percent YoY, only a slight contra... Read more
20 Nov 2020
In the final stretch of 2020, the Thai housing market has started to receive some good news with regard to progress in the development of COVID-19 vaccines, and Thailand’s better-than-expected economic performance in 3Q20., based on data provided by the Office of the National Economic and... Read more
18 Nov 2020
Entering 2021, the Thai auto parts industry may have to contend with new challenges that have emerged in the US, one of its primary importers. Of late, the US has announced the suspension of GSP privileges, which included many auto parts that are produced in Thailand. For this reason, Thai auto part... Read more
16 Nov 2020
KResearch is of the view that concentrated latex prices in Thailand will likely bounce back over the short term or during the remainder of 2020 through to 2021 to a range of THB53-58/kg. The recovery will be supported by steady demand growth seen in rubber gloves, especially rubber medical gloves. T... Read more
2 Nov 2020
It is now apparent that Thailand will continue to lose its tariff privileges in penetrating the US market. In 2020, Thailand’s GSP tariff privileges have been revoked twice, totaling approximately USD 2.2 billion, or 45 percent of export value for products that benefit from GSP (Total Thai exports c... Read more
Electric vehicles (EVs) have increasingly made their presence felt within ASEAN, in particular investment in EV production in Thailand and Indonesia. Currently, Thailand has an edge over Indonesia in terms of EV manufacturing, thanks to the government’s clear policy of supporting the EV industry. Si... Read more
30 Oct 2020
The construction industry is set to face monumental changes in the near future. Given recent labor shortages, Thai construction business, which is labor-intensive, may need to consider an alternative approach that requires less manual labor through a greater reliance upon new construction technology... Read more
28 Oct 2020
Under assumptions that there is no serious resurgence of the coronavirus (COVID-19) pandemic in Thailand, which allows the relevant authorities to gradually relax international travel restrictions, and the majority of people in Thailand receives COVID-19 vaccines in late 2021 while the domestic poli... Read more
27 Oct 2020
After the government managed to successfully contain the spread of COVID-19 and issued stimulus packages like the ‘We Travel Together’ campaign to boost domestic tourism, the number of Thai tourists traveling domestically markedly increased. Based on data provided by the Ministry of Tourism and Spor... Read more
26 Oct 2020
As global supply chains have been stalled by the coronavirus (COVID-19) pandemic, industrial sectors around the world are now aware of the weaknesses arising from the just-in-time inventory management strategy. Amid increased risks stemming from the resurgence of COVID-19 and trade war, the world’s ... Read more
22 Oct 2020
Thai exports in September 2020 stood at USD 19.6213 billion, or a contraction of 3.9 percent YoY, amid a rise in global demand compared to the previous month. Thai exports over the first nine months shrank 7.3 percent YoY, with the lone bright spot being export growth in electronic products and elec... Read more
8 Oct 2020
Due to increased competition in the telecom sector and a staggering investment in 5G networks at more than THB10 billion, Thai telecom operators are now accelerating the expansion of their 5G user bases by inducing more consumers to use 5G smartphones, which will in turn help boost the uptake of 5G ... Read more
1 Oct 2020
For the past several years, Thailand’s steel industry has encountered challenges that stem from price competition against steel imports from China due mainly to steel oversupply in the global market. Since 2014, Chinese steel manufacturers have cleared out their excessive stock via exports to market... Read more
30 Sep 2020
The COVID-19 pandemic has prompted many businesses to rely more on the use of digital technology in their operations, leading to dramatic changes across the operational landscape of business-to-business (B2B) digital market, from solely focusing on elevating efficiency and creating new business chan... Read more
29 Sep 2020
KResearch views that the government’s 3,000-Baht cash handout program (50 percent of all spending is subsidized by the state, but not exceeding THB3,000), effective October – December, 2020, for 10 million people has conditions that differ from other previous stimulus measures such as the “Chim-Sho... Read more
24 Sep 2020
KResearch expects the mooncake market for 2020 to be valued at an estimated THB800 million, or a contraction of 15.8 percent YoY, as the market has suffered a severe setback from deteriorating purchasing power as a result of COVID-19. This projected fall in market value is attributed to fewer partic... Read more
Thailand’s outward trade contracted 7.9 percent YoY in August 2020. As a result, 8M20 exports shrank 7.8 percent YoY. Excluding oil, gold and arms exports, Thai shipments, however, contracted 14.1 percent YoY in August 2020, accelerating over the 13.0 percent YoY shrinkage reported for July 2020. Au... Read more
22 Sep 2020
Thailand is facing hurdles in transporting goods across the border to Myanmar again after a recent announcement by Myanmar to tighten its cross-border controls as part of its COVID-19 prevention and control measures. Such controls include a requirement for truck drivers from Thailand via Chiang Rai’... Read more
18 Sep 2020
The packaging waste crisis is worsening in line with an increase in consumption, the growth of convenience food and the massive expansion of food delivery services during the period of semi-lockdown measures to counter the spread of COVID-19. More than half of all packaging waste comes from food and... Read more
17 Sep 2020
Presently, cross-border data flows are imperative for business growth and global trade in the digital economy era. Business organizations now view that they have to rely on cross-border data flows in order to better understand market conditions and customers, as well as for international trade and s... Read more
16 Sep 2020
The Ministry of Commerce has issued a Notification on the ban of electronic waste (e-waste) imports per HS Codes 84 and 85, specifically for Commodity Code 899, or the ban of e-waste imports under the Basel Convention, effective September 15, 2020. Currently, Thailand’s imports of electronics classi... Read more
2 Sep 2020
We, at KResearch, are of the view that ongoing flooding in many of the northern and northeastern provinces of Thailand may not significantly affect the overall agricultural output, especially rice grown during the rainy season, because the rice harvesting season has yet to arrive. This coupled with ... Read more
27 Aug 2020
Presently, automobile and auto parts manufacturers, especially Japanese brands, are progressively moving away from production processes that emphasize keeping costs low, like lean production, to production that leans more towards agile supply chains in order to quickly respond to potentially volatil... Read more
24 Aug 2020
Thailand’s outward trade was USD18,819 million, shrinking 11.4 percent YoY in July 2020. Excluding oil, gold and arms shipments, Thai exports, however, contracted 13.0 percent YoY. Gold exports reverted to growth of 37.2 percent YoY in July in line with global gold prices, while industrial product a... Read more
5 Aug 2020
The COVID-19 pandemic and resulting stringent countermeasures issued by the Thai government have resulted in temporary closures and limited business operations. Restaurant business, in particular, was for a time left with two options: takeaway and food delivery via mobile application, which has now ... Read more
24 Jul 2020
Based on the Environmental Performance Index (EPI) for 2020, Thailand is ranked at no. 78 in the world, moving up from no. 121 in 2018 – which is better in comparison to countries of similar ranking in 2018, such as China and the Philippines. In consideration of the various indicators, Thailand has... Read more
Thailand’s outward trade recorded a steep contraction for the second consecutive month in June 2020. As a result, 1H20 exports shrank 7.1 percent YoY. June shipments were valued at USD16,444 million, shrinking 23.2 percent YoY due to the unfolding coronavirus (COVID-19) pandemic and lockdown measure... Read more
Gluten-free flour can be promoted as a product campaign via cassava processing, based on a new knowledge like bioeconomy. Bioeconomy is a new model for the economy, with the aim of adding value to agricultural products. As Thailand has a plentiful supply of cassava, processing cassava into various ... Read more
8 Jul 2020
The coronavirus (COVID-19) pandemic has adversely affected both the business sector and households, with SMEs being the major casualty. For this reason, financial assistance measures are geared towards SMEs during 1H20. Since a debt moratorium, which is one of those important measures, is due to exp... Read more
25 Jun 2020
Border trade is an important product distribution channel for Thailand to neighboring countries (Myanmar, Lao PDR, Cambodia, Malaysia, Singapore, Vietnam and southern China). Border trade shipments represent 30 percent of Thailand’s total export value from all cross-border channels combined. During... Read more
24 Jun 2020
The value of Thailand’s outward trade stood at USD16,278 million, shrinking 22.5 percent YoY in May 2020 due primarily to lockdown measures abroad. As a result, Thai exports contracted 3.7 percent YoY during 5M20.... Read more
22 Jun 2020
The coronavirus (COVID-19) pandemic has forced more consumers to adopt new habits, such as watching shows and sports competitions via online mobile channels. However, if major telecom companies can apply their virtual reality (VR) technologies to the fifth generation (5G) ... Read more
18 Jun 2020
In 1H20, indicators for the housing market in Greater Bangkok have declined in line with the business environment. New home purchases fell by approximately 75 percent YoY on average during 5M20 while the number of home ownership transfers dropped 3.4 percent YoY, ... Read more
The COVID-19 situation in Thailand has improved to the extent that the government has eased lockdown measures on interprovincial travel, public transport systems, airports and tourist destinations, allowing services in these sectors to return to normal. On June 16, 2020, the Thai cabinet approved th... Read more
11 Jun 2020
The packaging business has had to contend with challenges from COVID-19 and economic conditions that have caused a decline in consumers’ purchasing power. Demand for packaging in downstream industries is likely to drop, in line with a slowdown in the manufacturing sector. The overall packaging busi... Read more
5 Jun 2020
The spread of COVID-19 and a labor shortage have pushed the food processing industry, which is extremely labor intensive, to consider increased usage of automation. Apart from lowering production risks that are associated with manual labor, the system plays a part in raising safety standards in food... Read more
28 May 2020
KResearch expects that prices of Thai agricultural products in 1H20 will continue to sustain themselves as they contend with negative factors like a severe seasonal drought (between January and April) which caused extensive damage to farm output – particularly rice, cassava and sugarcane, and the on... Read more
26 May 2020
KResearch views that, while the ‘New Normal’ has helped to stimulate growth for online retail stores, retailers still face ever more fierce competition, especially foreign E-Market place operators, which are expected to be the most affected group and subjected to heightened competition. Since the on... Read more
22 May 2020
The value of Thai exports for April 2020 stood at USD 18,948.2 million, with continuous expansion for the second consecutive month at a rate of 2.12 percent YoY – contrary to analysts’ earlier projection of a 4.6 percent contraction. The fact that many of Thailand’s trade partners have enforced lock... Read more
19 May 2020
The coronavirus (COVID-19) pandemic has not only resulted in the growing popularity of gaming, but also opened business opportunities for game cloud computing (GCC) entrepreneurs in Thailand. Given this, we at KResearch have assessed that turnover in the GCC market may grow from THB7.3 billion repor... Read more
15 May 2020
Oversupply is the key factor in the falling price of shrimp since early 2020, as output has far exceeded demand. Related government agencies have prepared for the approval of assistance measures for related parties within the production chain through the 2020 Shrimp Price Stabilization Program. KRes... Read more
7 May 2020
The ongoing COVID-19 global crisis has affected the Thai automobile industry in many different aspects, as the economic recession which is playing out in Thailand and at the international level remains the key factor impacting purchase orders for cars, both domestically and in export markets. As a c... Read more
5 May 2020
KResearch assesses that the coronavirus (COVID-19) pandemic in 2020 will be a short-term factor causing the rubber price structure to change over the long term. This represents an important turning point that will result in a new normal of rubber prices, i.e., rubber prices will likely move within a... Read more
30 Apr 2020
The COVID-19 pandemic in 2020 is likely putting pressure on the value of Thailand’s exports of Printed Circuit Boards (PCBs), with an expected contraction of 20.9 to 23.6 percent, for an estimated export value of USD 927.4 - 960.8 million, in line with reduced global demand for electronic products. ... Read more
KResearch views that the government’s plans to gradually ease lockdown measures, including allowing small retail stores to reopen on May 3, 2020 and large retail stores on June 1, 2020 represent positive signs and offer an opportunity for retail businesses to generate earnings again via their premis... Read more
An improvement in the COVID-19 situation is being seen in Thailand as the number of new infections nationwide has declined steadily while no new cases were found in many provinces for many days. This represents a positive sign for the country and if no new infections are found, people and businesses... Read more
24 Apr 2020
Thai exports to the US contracted 2.7 percent YoY in 1Q20. Excluding products related to arms and tanks for military drills, which caused our export base to become volatile, our shipments to the US grew 15.8 percent YoY. The increase was supported by the US-China trade war, which helped bolster our ... Read more
21 Apr 2020
The value of Thailand’s outward trade reverted to growth for the first time in five quarters of 0.9 percent YoY in 1Q20, boosted by favorable gold and electronics shipments. However, oil-related exports were dampened by plummeting crude oil prices. ... Read more
16 Apr 2020
Continuous technological development and the increasingly prominent role of smart phones in consumers’ daily lives have impelled businesses across the service industry to elevate their services to meet consumers’ demands in a prompt, anytime-anywhere manner, through multiple platforms whether they a... Read more
10 Apr 2020
At present, China has established a rising trend in car exports and increasingly invested in automobile production across multiple countries around the world, especially in the category of electric vehicles (EV), which have been considerably well-received, even in the automobile markets of developed... Read more
Plummeting oil prices and measures aimed at combating the coronavirus (COVID-19) pandemic in some of Thailand’s neighboring countries caused our border-trade and cross-border exports to contract 8.6 percent YoY during 2M20. The spread of the COVID-10 respiratory disease in all member ASEAN states a... Read more
9 Apr 2020
Energy
Community power plant project is considered one of the important strategic policies to not only build sustainability in energy consumption across communities, but also generate extra income for local residents via sales of agricultural-based materials as fuel. Biomass community power plants may help... Read more
3 Apr 2020
Chicken eggs are low-cost source of protein. However, as demand for eggs has soared amid fears over the COVID-19 pandemic, they have been in short supply in several areas. As a result, egg prices skyrocketed during March 2020, triggering concern among consumers. To help alleviate such as an impact o... Read more
1 Apr 2020
Thai rice exports for 2020 may face the same negative conditions that continue to plague all aspects of trade from the previous year, whether it is a highly competitive global market, world economic problems, depreciation of the Baht, drought, the change in China’s role from importer to exporter, or... Read more
30 Mar 2020
Retail and restaurant businesses will continue to face challenges ahead as steady increases in the number of COVID-19 infections in Thailand have prompted the government to introduce a number of measures, including a temporary closure of certain venues and declaration of a state of emergency, to cur... Read more
27 Mar 2020
Fresh, chilled and frozen chicken are commodities that Thailand can still make good profit from in China, even though closures of key Chinese trade ports to control the spread of COVID-19 from post-Chinese New Year to mid-February 2020 led to some delays and suspension of shipments of fresh, chilled... Read more
23 Mar 2020
Thai Exports in February 2020 remained a hodgepodge of temporary factors, being supported by consistent growth in gold exports but inhibited by a high base effect as a result of munitions rexports and crude oil prices in the preceding year. Meanwhile, the COVID-19 outbreak continued to affect Thai e... Read more
9 Mar 2020
The coronavirus (COVID-19) epidemic has had a broad impact on many industries. One of the major casualties is the restaurant business because the slowdown in the number of international tourist arrivals to Thailand has adversely affected food and beverage spending, which accounts for roughly 15 perc... Read more
5 Mar 2020
We at KResearch view that turnover in the Thai retail market may report a sharp contraction during 1H20 due to a number of factors. These include risk stemming from the COVID-19 outbreak, which is expected to persist during 1H20, and continuing weakness seen in domestic purchasing power resulting fr... Read more
26 Feb 2020
Demand for biofuel blended with diesel and gasoline fuels has increased steadily in recent years, supported by pricing mechanism and the increase in the number of biofuel-powered vehicles. Although prices of biofuel blends are attractive, thanks to state subsidies, such blends with lower proportion ... Read more
24 Feb 2020
The novel coronavirus (COVID-19) epidemic has forced China to close its key border checkpoints and extend the Lunar New Year holidays to February. In addition, cross-border land transportation routes from Vietnam to China have contemporarily been suspended to monitor the COVID-19 outbreak, prompting... Read more
The global economy is experiencing more risks, including the novel coronavirus (COVID-19) outbreak seen in many countries since early 2020. As a result, Thailand’s exports of gold, being a safe-haven asset, skyrocketed 299.6 percent YoY in January 2020, allowing Thai shipments overall to resume grow... Read more
14 Feb 2020
The outbreak of novel coronavirus (COVID-19) with the epicenter in China has become unpredictable as it is spreading, adversely affecting the economy worldwide, including China’s automotive sector and the global auto industry, including Thailand’s. All automotive sectors are suffering contraction. C... Read more
12 Feb 2020
In 2020, Thailand’s wireless communication technology is about to experience another turning point. The National Broadcasting and Telecommunications Commission (NBTC) will auction the 5G spectrum in the 700 MHz, 1800 MHz, 2600 MHz and 26 GHz frequency bands on February 16, 2020, aiming to roll out t... Read more
6 Feb 2020
The World Health Organization, January 30, 2020, declared that the novel coronavirus (2019 n-CoV) outbreak is a public health emergency of international concern as the virus has spread internationally. In China, the 2019 n-CoV epidemic, which originated in Wuhan, Hubei province, has also spread to o... Read more
5 Feb 2020
The airline businesses have faced tough challenges due to pricing competition, which has steadily reduced the average airfares. Moreover, the demand for air travel began to slow, resulting in a drop in airline business value for the first time in 2019 to 314 billion Baht.... Read more
4 Feb 2020
2020 may be another difficult year for Thai car exports. Despite a positive factor, i.e., a likelihood that the Baht may not be as strong as that seen in 2019, there are a number of factors that may inevitably cause Thai car shipments to shrink in 2020. These include economic problems continuing fro... Read more
31 Jan 2020
From January 1, 2020, Thailand has begun a campaign to ban single-use plastic bags under the Plastic Waste Management Road Map 2018-2030 of the Pollution Control Department. KResearch views that the ban will significantly reduce the amount of single-use plastic bags. It will affect supply chains of ... Read more
24 Jan 2020
The outbreak of the 2019 Novel Coronavirus (n-CoV) that originated in Wuhan, Hubei province, in late 2019 has caused more patients to sicken and the death toll has risen. Meanwhile, more confirmed cases have been found in other Asian countries, including Thailand, and the US. The Chinese authoritie... Read more
22 Jan 2020
The total value of Thai exports came in at USD246,244.5 million, shrinking 2.65 percent YoY in 2019 while the total import value reached USD236,639.9 million, contracting 4.66 percent YoY. As a result, Thailand enjoyed a trade surplus for the fifth consecutive year of USD9,604.6 million.... Read more
17 Jan 2020
Drought has arrived earlier than the previous year in 2020 and it is expected to be prolonged because water levels at dams across the country have declined 33.1 percent YoY. Such water levels are more critical than those seen during the severe drought reported in 2015.... Read more
7 Jan 2020
Thailand is one of the aviation hubs in the Asia Pacific region, which is expected to experience a rising demand for aviation maintenance and repair services in the future. The future outlook has become clearer after a cooperative agreement for a Maintenance, Repair, and Overhaul (MRO) facility at U... Read more
3 Jan 2020
Inbound tourism in 2020 faces a daunting prospect, which affects the number of international tourists and their spending. The market lacks new factors while risks remain and have even worsened. For example, the gloomy global economic sentiment could discourage the international travelers’ activities... Read more
2 Jan 2020
The restaurant business is one of the most important to the country’s service sector and economy with small and big operators involved and the turnover exceeding 400 billion Baht, representing 4.7 percent of the gross domestic product (GDP) of the service sector.... Read more
27 Dec 2019
We at KResearch expect that net profit of Thai private hospitals (listed on the Stock Exchange of Thailand) will grow 3-6 percent in 2020, declining from the 6-9 percent pace projected for 2019. Private hospitals targeting high- to medium-income patients, in particular, will likely see their profit ... Read more
26 Dec 2019
The outlook of Thai agricultural products in 2020 will continue to be under pressure from drought and the global economic slowdown. Thailand may face severe drought conditions, which will continue from 2019. As of December 25, 2019, the amount of usable water in the dams nationwide stood at 21,197 ... Read more
23 Dec 2019
Thai exports in November 2019 totaled USD19.657 billion, dropping below USD20 billion for the first time in seven months and plunging for four consecutive months by 7.4 percent YoY, which marks the worst contraction in 43 months. Consequently, Thai exports in the first 11 months (Jan-Nov) of 2019 sh... Read more
12 Dec 2019
We at KResearch view that turnover in the ready-to-eat food market may reach THB20.2-20.5 billion, increasing 3.0-5.0 percent YoY in 2020, thanks to the diversity of new products developed by related entrepreneurs as a result of heightened competition. Meanwhile, the domestic food and beverage marke... Read more
4 Dec 2019
KResearch views that the overall auto sales throughout 2019 will contract 2.5 percent from 2018, or totaling 1,015,000 units. The Bank of Thailand’s control measure for auto loan approval, launched in the middle of this year, has become a key factor pressuring auto loan sales.... Read more
28 Nov 2019
In the past 2 to 3 years, the automobile industry has awakened to the realization that the era of electric vehicles (EV) is coming, resulting in a massive restructuring of the automotive part supply chain worldwide, including Thailand, in 2 aspects; the internal combustion engine (ICE) supply chain ... Read more
Currently, e-marketplace has begun to increase investment in e- fulfillment centers because e-fulfillment is the key to their business; i.e., it can help create the most satisfying service experience to customers, leading to repeat purchases and bolster sales other than just a product delivery servi... Read more