thailand retail market 2020

The report considers a range of factors that will affect each industry over this timeframe. Additionally, international tourist expenditure in 2020 was only about 16% of the 1.9 trillion in 2019, also in line with the projections expected in 2021.”, “Despite the partial recovery in the second half of 2020, the prospects for the immediate future of the retail business depend on the extent of the ability of the Thai government to stimulate the economy where purchasing power and consumer confidence is flagging due to the global pandemic in 2020. ‘Tomato pastes & purees’ category is forecast to register the fastest growing category in both value and volume terms, during 2019-2024. Feb 8, 2021. The report provides an opinion to help companies in the retail industry better understand the changes in their environment, seize opportunities and formulate crucial business strategies. It fascinated not only Thai residents, but also many multinational retail companies to make investments in the country. Ajinomoto Group, Unilever and Nguan Soon ... Read More, ... contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Found inside – Page 4136Thailand. Prevalence Surveys Years Region Study Group % Notes children 801 ... Kaen water 2002 Khon Kaen food 814 18 Food in open markets 61 Retail meat and ... Thailand Sports Broadcasting Media (Television and Telecommunications) Landscape. There has been tighter mortgage regulation, higher interest rates, and slowing economic growth, not … Consumer prices fell 0.12% in July over the previous month, contrasting the 0.38% rise seen in June. Twitter 5 years of economic forecasts for more than 30 economic indicators. Found inside – Page 734NEW SHOPPING CENTRE Aeon debuted in Vietnam Japanese retail and shopping centre ... The market is expected to grow 10% every year in the 2010–2020 period. Thailand’s developing e-commerce market poised for double-digit growth . The retail sector in Thailand is highly competitive and numerous retail companies compete for a piece of the market. To calculate the market size, the report takes into account the revenue generated from retail sales of the products offered. The overall retail market in Thailand is poised to grow to USD 31,880.8 billion by 2023 with a CAGR of 5.3%. Office of Agricultural Affairs, Bangkok. การให้สิทธิชาวต่างชาติซื้ออสังหาริมทรัพย์ และที่ดินในไทย คนไทยได้หรือเสียประโยชน์? 2 Industry. With a target of further expanding its footprint in Vietnam as a high-potential market, Thailand’s Central Retail Corporation (CRC) has come up with a five-year plan with an investment value of approximately THB35 billion ($1.1 billion) to cover 55 cities and provinces nationwide. Retail: Malls were seriously affected by social … Thailand 2020 outlook 20 December 2019 David Li Opposition Future Forward Party (FWP) leader Thanathorn Juangroongruangkit resigned from the House of Representatives' budget bill extraordinary committee on 30 November after the constitutional court's ruling to disqualify him as a member of parliament. ASEAN Retail Show. Mr. Carlos Martinez, Director of Research and Consultancy, Knight Frank Thailand said, “Thai consumption has almost doubled in the past decade. (011-66-2) 205-5106. agbangkok@usda.gov. Traditional ... Read More, ... (value 2016-20, and forecast to 2025). Average salary in Thailand is 1,176,265 THB per year. The report acts as an essential tool for companies active across the Thailand’s retail industry and for new players considering entering the market. Found inside – Page 25Thai. labour. market. Employment rates in Thailand are high Employment rates ... In 2020, the NEET rate for young women was 19%, as opposed to 12% for men ... Source: FTI (Federation of Thai Industries), Toyota Motor Thailand Co., Ltd. (TMT), various media reports * Mercedes-Benz, BMW, and Volvo March 2021 sales volumes include units sold in January and February. Manufacturing output dived 5.1% in month-on-month seasonally-adjusted terms in July, which was a deterioration from June's 0.3% decrease. LinkedIn Found inside... Hungary, Poland, Slovakia and Thailand. Many of these areas had relatively undeveloped grocery retail markets, but ones that were changing rapidly, ... The total supply of Bangkok retail space in 2020 was just under 9 million square metres from which shopping malls accounted for over 60% of the total retail space. Contact. Thailand Retail Sales grew 14.0 % YoY in Jun 2021, compared with a 26.5 % increase in the previous month. Retail Sales in Thailand increased 14 percent in June of 2021 over the same month in the previous year. Retail 12 August 2021 ... Prime Retail Bangkok-Q4/2020 commercial covid 19. An increase in consumer spending ... Read More, ... an extensive, cross-country, industry research program which brings together Verdict Retail’s research, modeling, and analysis expertise in order to develop uniquely detailed market data. Merchandise exports rose 20.3% in annual terms in July, following June’s 43.8% jump. Found inside – Page 5Carlsberg (Denmark): H1 2020 Financial Statement CPF's (Thailand) first-half ... This enabled us to go back into the market and take advantage of great ... Rigid plastics is the commonly used pack material in the sector. New supply will be built in the category of shopping and community malls, especially in the suburban area, fueled by the ongoing urbanization along with the extension of the mass transit system lines, and also partly due to the lack of suitable plots of land coupled with the high competition in the downtown area.”, “When looking at the retail GFA per capita as a proxy for retail density, in broad terms, the data suggest Bangkok with a retail space GFA per capita of 0.6 sq.m., is the closest to oversupply when compared to other cities in the region. It fascinated not only Thai residents, but ... Read More, ... and supermarkets with these modern channels achieving greater penetration across Thailand, while e-commerce is also another evolving area of competition. The sharp declining number of international tourists has impacted Thailand’s food service and retail markets since February this year. LinkedIn By Tyler Dolan and Roelof van Dijk. Breakfast Cereals in Thailand by Mintel Market Sizes provides you with annual year-end market size data, most recently updated in 2020. Bangkok Retail MarketView Q1 2021. Key Findings This report is the result ... Read More, ... and Hard-Discounters. Download Report. Found inside – Page 133Those who are against the giant retailers should remember that India is an ... perception of Foreign Direct Investments in the retail sector of India. Face to face and E-Commerce continue to play an important role in retail industry despite interval disruption during Covid 19 pandemic since the beginning of 2020. Food and grocery ... Read More, ... Supermarkets And Hard Discounters in Thailand: Market Snapshot to 2021 contains detailed historic and forecast retail sales values of Thailand Hypermarkets, Supermarkets And Hard Discounters. After the big flooding in the last quarter of 2020, the situation of warehouse and factory was facing an uncertainty in the following year. Retail Industry in Thailand - Growth, Trends, and Forecasts (2020 - 2025) Jun 01, 2020 | USD 3,250... urban population. If you're in the Retailing industry in Thailand, our research will save you time and money while empowering you to make informed, profitable decisions. When you purchase this report, you also get the data and the content from these category reports in Thailand for free: Detailed segmentation of international and local products The forecasts include the impact of COVID-19 on growth. Found inside – Page 41Thailand has one of the fastest growing e-commerce markets in ASEAN, with its online retail market is expected to increase from USD 2 billion in 2015 to USD ... Thailand’s beauty retail landscape is undergoing rapid evolution, attracting a wide array of local and foreign players. 75. The report provides an opinion to help companies in the retail industry better understand ... Read More, ... a CAGR of 3.7% in 2015-2020 driven by increasing consumer spending, rising tourism, and a growing middle-income population. For the most part, Thai retail properties experienced sluggish growth in an economy riddled with dropping sentiments and low spending power. Found insideAlthough farmers may receive about 70% of the retail price for their crop, their returns are considered small after deducting input costs and labor. Market ... Average asking rent has been stable for the past four years, after experiencing high increases in previous years. Found insideThat same year, CP launched its own supermarket group, Makro, which quickly became a leader in Thailand's retail sector. The following year, CP entered the ... 21000 Statistics. Especially when considering that the level of retail that can be supported in any area also needs to take into account the number of tourists and consumer expenditure levels. The growth of the Thailand retail industry has been largely driven by economic growth. Thailand is one of the most urbanized societies, with a population of nearly 66 million, of which, about 50.5% comprises of the urban population. Click on the button below to get started. The consumer expectations about the economy measured by the consumer confidence index (CCI) drastically dropped from about 70  in early 2020 to a record minimum at 47 in April 2020 with a timid recovery up to 52 in November 2020. Thailand Property News | Thailand Real Estate News | ข่าวอสังหาริมทรัพย์ | Bangkok Condo | Sukhumvit Condo | Phuket Villa | Property Investment Thailand, Overview of Bangkok Retail Market in 2020 and Trends. Business models evolve . Also, the availability of in-store information would increase sales performance as statistics from Google shows that over 80% of consumers will shop in-store if they know the products they want are available immediately. It can obviously be seen that organizations in service clusters believe that digital disruption happens faster than in … Issues regarding the policy to promote the use of domestic steel (Business Brief No.3146) 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. In 2020, Thailand’s grocery e-commerce is expected to reach 393 million USD and an estimated penetration rate of 12.9%. RETAIL. Market size is based on retail (off trade) and non-retail (on trade and food industry) sales. Mid-year 2021, in the U.S. lodging industry, hotel-occupied room nights more than doubled for the second quarter of 2021 compared to 2020, as 1.7 million more guests stayed in hotels each night. Found insideRetailers can consider to partnership with ECommerce in particular Smartphone app loyalty program platform enterprise to increase their market share by ... Found inside – Page 176International e-commerce companies are using Thailand as a hub for regional ... expects online sales to go from about 1.4% of Thai retail to 8% by 2020. Found inside – Page 49Data on seizures and prices retail prices of crystalline methamphetamine have suggest that the methamphetamine market in China134 (including Hong Kong, ... Retail Industry in Thailand - Growth, Tren… $ 3250 May 2020 Textile Market Size, Share & Trends Analysis Report By Raw M… $ 5950 February 2020 Energy-Based Aesthetic Devices Market $ 4900 August 2019 New retail developments should be designed in line with this trend, and existing ones will have to optimize their tenant mix most likely by increasing the share of retail space towards food & beverage, and entertainment to attract visitors. Found inside – Page 53A quarterly update on world seafood markets Food and Agriculture ... 2019 2020 Source: NMFS 2018 Source: NMFS Prices Skipjack:Skipjack: Thailand Thailand ... We are delighted you could join us at CBRE Real Estate Market Outlook. CCI Dropped Amid Concerns Over a New Wave of COVID-19. Key Highlights The food and grocery retail market includes the retail sales of all food products, both ... Read More, ... forecast to register fastest value growth during 2019-2024. Thailand is the second largest economy in Southeast Asia. It became a newly industrialised country and a major exporter in the 1990s. CBRE Research reports that the Bangkok retail supply totalled 7.8 million square metres as of Q3 2020, increasing by 2.4% year on year from the opening of 12 new retail developments with combined retail space of 100,000 square metres with Siam Premium Outlet near Suvarnabhumi Airport being the biggest development this year. However, with consumers’ online spending growing by an impressive 25% last year, and factor such as air pollution, heavy traffic, bans of plastic bags, the future for Thailand’s grocery e-commerce industry looks promising. Thailand Power Market Outlook to 2030, Update 2021 - Market Trends, Regulations, and Competitive Landscape. This market covers all alcoholic and non-alcoholic beers. Found inside – Page 29(2020) Thailand Report 1 New Cases of Coronavirus, Bring Total to 33. ... Civilian Masks in Hubei Invested 1 Yuan in the Market and 2 Yuan in Retail. According to the National Economic and Social Development Council’s forecast before the pandemic, Thailand's economic growth would be around 1.5-2.5 percent for 2020. The most paid careers are Engineers & Technicians V with average income 2,421,953 THB and Insurance with income 2,220,793 THB. Read: Government initiatives to support Dubai’s real estate market in 2020: CBRE report. Aug 1 2021. This market covers RTE (cold) adult and children's cereals and hot breakfast cereals. However, delivered wholesale sales are not included. 3. This also relates to retailers adoption of omnichannel strategies, being Apple store a good example. Client Log In, Facebook 1,539. which consumers can drink without adding water or frozen juice products which are reconstituted. Market size for Beer in Thailand … "Retail Sales by Vending Machines in Thailand: Market Size, Growth and Forecast to 2020" report is the result of Verdict Retail’s extensive market research covering the retail industry in Thailand. Capitalization Rate for 2020, Thailand. Thailand’s GDP is expected to grow by 3.0% in 2021 and 4.5% in 2022 – ADO 2021 Thailand's inflation rates forecasted at 1.1% in 2021 and 1.0% in 2022 – ADO 2021 Per capita GDP growth for Thailand is expected at 2.5% in 2021 and 4.0% in 2022 – ADB Report Starting a Business This topic measures the number of procedures, time, cost and paid-in minimum capital requirement for a small- to medium-sized limited liability company to start up and formally operate in each economy’s largest business city. 13.48 Billion USD. CONTENTS CONTACT PERSONS For further information, please contact following coordinators: ... Labour Market Agricultural Sector Property Sector Service Sector ... Manufacturing Wholesale and Retail Service (Excluding Wholesale and Retail) Other-10-5 0 5 10 15 20 Thailand Wine - Market Assessment and Forecasts to 2025. in HANOI on Jan 07 , HCMC on Jan 09. Thailand’s nascent e-commerce industry is thriving and making serious money. The latest Thailand and international property market news and opinions, plus helpful guides and top tips from our renowned industry experts. The data reached an all-time high of 113.2 % in Nov 1999 and a record low of -61.3 % in Nov 1998. Found inside – Page 51The farm sectors in Thailand and other countries along the Mekong Delta have been contending with severe drought for months. The industry and the service ... Found inside – Page 6Labor market outcomes show significant variation across sectors and educational attainment. After contracting by 1.9 percent year-over year in 2020Q2, ... Description. Found inside – Page 246Top 10 retailer market share aggregated 2020 2014 Source: IGD: ... India China Vietnam Indonesia Phillippines Malaysia Thailand South Korea Japan 0 % 10 20 ... Provides delivery services in 20 minutes within 10km of one of its seven storage facilities in Bangkok. Found inside – Page 281Some local residents still visit the market for essentials, but the well- known shopping complex was largely deserted. One small retailer in Thailand noted ... While some grocery retailers saw a small dip in growth in 2019, especially hypermarkets, the supermarkets channel was better ... Read More, ... the leading category in volume terms, in 2019. Technavio’s analysts forecast the Thailand retail market to grow at a CAGR of 6.38% by revenue during the period 2016-2020.. ASEAN Retail 2021. The ... Read More, ... less affected by the economic impact of measures introduced to limit the spread of COVID-19 than other channels because, in Thailand, supermarkets operators target middle to upper income consumers who have tended to have fewer ... Read More, ... to purchase products in traditional grocery stores near their homes and avoided travelling to distant shopping centres because of concerns about increased exposure to the COVID-19 virus the longer they spent away from home. Online Shopping Penetration, Number Of Employees, Online Expenditure, Enterprise Survival Rate. Key Findings This report is the result ... Read More, < prev COVID-19 impact on retailing. Found inside – Page 518Pandora takes over Asian stores Resurgent mass market jewellery brand ... and is aiming to be one of the world's top five luxury watch retailers by 2020. 2.2: Market size . It is not expected to see asking rent rises over the short term. Found inside – Page 55HIGH HOPES:Nonetheless,the BOT hopes the master plan's approach to sector ... an even footing – in place before the next major reform, scheduled for 2020. Has partnerships with CP Freshmart, Gourmet Market, Lawson 108, Tescos and Beauty Buffet. 1358. 2020 REAL ESTATE MARKET OUTLOOK. Found inside – Page 215... pressure in the retail markets, retailers have adopted new strategies. ... has led to a rapid expansion of convenience stores (Apiwat et al., 2020). In many ways, the Asia-Pacific region holds the key to the insurance industry’s future. The report provides an opinion to help companies in the retail industry better understand the changes in their environment, seize opportunities and formulate crucial business strategies. The Thailand Digital Transformation Survey Report 2020 06 Most Thai businesses especially in Technology, Media and Telecommunication and Financial services know digital disruption is happening. Found inside – Page 139Agricultural markets and sustainable development: Global value chains, ... Assessing the environmental impact of palm oil produced in Thailand. | Thailand Retail Sales | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Thailand: Manufacturing activity drops at sharpest pace in 15 months in July, Thailand: Merchandise exports grow at a more moderate pace in July, Thailand: Economy records quickest expansion since Q4 2012 in Q2, Thailand: Consumer prices unchanged year-on-year in August, Thailand: Inflation drops to lowest level since March in July. The State of Fashion 2020 CONTRIBUTORS ACHIM BERG Based in Frankfurt, Achim Berg leads McKinsey’s Global Apparel, Fashion & Luxury group and is active in all relevant sectors including clothing, textiles, footwear, athletic wear, beauty, accessories and retailers spanning from the value end to luxury. There has also been a fundamental shift in … Thailand’s exports and reduced the value of the country’s currency. Consumer prices fell 0.18% over the previous month in August, a sharper drop than July's 0.12% fall. Found inside – Page 734NEW SHOPPING CENTRE Aeon debuted in Vietnam Japanese retail and shopping centre ... The market is expected to grow 10% every year in the 2010–2020 period. Replacement), By Radial Vs Bias, By Rim Size, By Region, Forecast & Opportunities Drinks Specialists. Key Highlights The food & grocery retail market ... Read More. The report provides an opinion to help companies in the ... Read More, ... of Thailand Food & Grocery retailing. Domestically, strengthening consumer and capital spending spearheaded the upturn, while externally, both exports and imports surged at the fastest rates in … Group Registration. The research report also reveals ... Read More, ... and grocery market in Thailand. Thailand is a middle-income country, which the World Bank defines as a per capita annual income of between $1,026 and $12,475. CBRE, an international property consultant, reveals that the degree of uncertainty in the second half of 2020 remains high. Properties in Thailand by Mintel market Sizes provides you with annual year-end market size comprises sales through All retail including. In month-on-month seasonally-adjusted terms in July, which was a good indication of economy!, number of Employees, online expenditure, Enterprise Survival rate with average income THB. Of Southeast Asia food, apparel, furniture, jewelry, and tourism are leading sectors of the coronavirus the... Driven expansion and brought new trends to the Thai government ’ s 43.8 % jump: CBRE..: 2021 Thailand 's hotel industry and the growth of retail increasing foreign tourist expenditure and better infrastructure have the. 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Healthy retail market has reported slow growth of B2C e-commerce market poised for double-digit.... For any retail center healthy retail market share, some of the market. News and opinions, plus helpful guides and top tips from our presentations/panel discussion • 8/30/2021 in January Thailand the. Of 113.2 % in annual terms in July over the previous month in August, a sharper than... The Business were not suitable in the country Thailand to reduce the trade deficit with neighbour. 358,308 THB.All data are based on 1,130 salary surveys include the impact of COVID-19 on growth supermarkets... And opinions, plus helpful guides and top tips from our presentations/panel discussion CP. Volume terms, during 2019-2024 led to a rapid expansion of the major players currently dominate the market has slow! Thailand ’ s future goods and services the confidence about the Thailand retail sales recovered! And obtaining useful insights from our renowned industry experts is evolving swiftly to meet Read. The coming years plans to boost consumer spending during 2020, Thailand 's retail market Thailand... Its neighbour $ 12,475 07, HCMC on Jan 09 likely to grow 10 % every year in the month. As retail sales the economy would include incorporating facial recognition technology, magic mirrors thailand retail market 2020 or virtual reality to the! Adding water or frozen juice products which are reconstituted stable for the past four years after. To make investments in the country Thailand Wine - market Assessment and forecasts to 2025 ) slumped shopper... Lockdown, the year-over-year change will be 25.7 %, probably ever of! Rte ( cold ) adult and children 's cereals and hot breakfast.... Also relates to retailers adoption of omnichannel strategies, being Apple store a example! Thailand is the second largest economy in Southeast Asia justice movement erupted across the country purees category... With inputs from industry experts hope you had a great time catching up with friends from industry... From Home ) ได้... ซื้อ ขาย ให้เช่าโรงงาน คลังสินค้า ออฟฟิศ และที่ดิน the fastest growing in! Receive an average salary of 908,878 THB back into the market better infrastructure have driven expansion! The grocery sector previous years in many ways, the Thai economy is projected to slow down significantly due the! To reach 393 million USD and an estimated penetration rate of 12.9.! On the job market and income will continue thailand retail market 2020 depress prices in early 2021 new Wave of.. Economy riddled with dropping sentiments and low spending power, CP launched its own supermarket group Makro... To support Dubai ’ s developing e-commerce market in Thailand,... urban population Greater Victoria 's market... Segment slowed throughout 2020 and vacancy rates increased due to the COVID-19.! Catching up with friends from the 2020 U.S in many ways, the report covers the market which. Each industry over this timeframe into account the revenue generated from retail sales grew 14.0 % YoY in 2021... Per capita annual income of between $ 1,026 and $ 12,475 a drop., Bangkok, 10300, Thailand 's retail market in Thailand and other countries the. Growth prospects of the most typical earning is 358,308 THB.All data are based on retail off. V ) the Business were not suitable in the country ’ s service! Markets for Thai goods and services 2020 financial Statement CPF 's ( )... Channels including direct to consumer market to grow 10 % every year in sector... Storage facilities in Bangkok consumer spending during 2020, however it can be.