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Industry Outlook Analysis

6 Mar 2019

Agriculture

Drought in 2019 expected to cause economic losses of around THB15.3 billion (Current Issue No.2972)

Signs of drought in 2019 are imminent as the summer has come sooner and is expected to last longer than in previous years, affecting rainfall amounts and lowering water levels in the country’s major reservoirs. KResearch holds the view that this year’s drought could persist through the month of May.... Read more

28 Feb 2019

Tourism

Thai Exports and Tourism Likely be Spared from India-Pakistan Conflict (Current Issue No.2970)

The intensifying tensions between India and Pakistan over Kashmir two weeks ago has led to the airspace closure in northern Pakistan and parts of India, being the key air route between Europe and Thailand. In the past, conflicts of any magnitude between the two countries were seen to affect only are... Read more

22 Feb 2019

Trading

Thai Exports Contracted 5.65% in January due to Slowing Global Economy, Trade War and High Base of 2018 (Business Brief No.3789)

The slowing global economy, impacts of the US tariff hikes on Chinese imports, a cyclical downturn in electronic products, low global crude oil prices and the high base of 2018 all pressured Thai exports to shrink for the third consecutive month at 5.65 percent YoY in January 2019. Shipments of othe... Read more

15 Feb 2019

Real Estate and Construction

LTV Measure Affects 20% of Bangkok Residents Wanting to Buy Homes … Number of Home Ownership Transfers Projected to Contract 8.5-12.5% in 2019 (Current Issue No.2968)

The residential property market will continue to face a number of challenges in 2019. These include a fragile economic recovery in Thailand, weak purchasing power, especially of low-income earners and high levels of housing inventory. Given this, KResearch has conducted a survey on the behavior of ... Read more

15 Feb 2019

Agriculture

Plant factories… unveil a new chapter in Thai agriculture with its cost expected to be 20 % cheaper in 3 yearv (Current Issue No.2967)

KResearch holds the view that plant factories present a new and interesting option for farmers to use as a farming tool because of its precision in controlling farming environments by using technology and innovation. Plant factories answer the demands of the Agriculture 4.0 era by increasing agricul... Read more

13 Feb 2019

Industry

Hyper-Personalization… The technology trend of 2019 (Business Brief No.3787)

Amongst the most significant trends in technological development over 2019 will be the advent of Hyper-Personalization – the utilization of personalized Big Data for addressing the very specific needs for consumers. Compared to personalization, Hyper-Personalization goes further with respect to th... Read more

12 Feb 2019

Trading

Thai exports are losing their share in the global value chain…factors to drag Thai exports in the future (Current Issue No.2964)

Thai exports in 2018 rose 6.7 percent YoY, driven mainly by commodity prices. Nonetheless, Thai export growth was significantly lower than those of our neighboring countries. Traditionally, intermediate goods accounted for a majority of the entire Thai export structure, showing that connectivity wit... Read more

1 Feb 2019

Tourism

Number of Chinese Visitors to Thailand Projected to Grow Steadily, But Close Attention Must be Paid to Development in Chinese Economy and Competition (Current Issue No.2963)

The number of Chinese tourist arrivals to Thailand bounced back quickly toward the end of 2018, thanks to a concerted effort by the private and public agencies in helping shore up confidence of Chinese tourists toward Thailand and an exemption of visa-on-arrival fee for citizens of 20 countries, inc... Read more

31 Jan 2019

Industry

Adoption of Euro 5 Emission Standards May Incur Extra Expenses for New Car (Current Issue No.2961)

Amid attempts to promote carmakers to adopt the Euro 5 emission standards for domestically-produced cars in 2021, aimed at addressing the PM2.5 dust particle problem over the long term, we at KResearch have assessed that the costs involved will force consumers to set aside extra expenses of at least... Read more

30 Jan 2019

Industry

Thailand is poised to produce over 430,000 units of EV batteries in 5 years, becoming 4th largest production base in Asia. (Current Issue No.2960)

The booming electric vehicle (EV) market in Thailand is increasingly evident in 2019 as a number of automakers have sought the Board of Investment (BOI)’s incentives to produce EVs here. KResearch forecasts that the EV market share in the next five years will increase to one-fourth, or 240,000 unit... Read more

24 Jan 2019

Agriculture

EU’s Removal of “Yellow Card” Warning Improves Thai Fishing Industry’s Image…2019 Seafood Exports to EU Projected to Grow 0.0-2.0% (Current Issue No.2958)

On January 8, 2019, the European Union (EU) announced to lift the so-called “Yellow Card” or warning on Thailand for our substantial progress in tackling illegal, unreported and unregulated (IUU) fishing. Although the removal helps improve the image of Thai seafood products, such exports the EU wil... Read more

24 Jan 2019

Real Estate and Construction

Potential Home Buyers in Gen-Y Segment Projected to Purchase 42,000-50,000 Units/Year of Homes in Greater Bangkok (Current Issue No.2959)

In 2019, residential property developers in Greater Bangkok may face more challenges in bolstering sales because purchasing power overall has not fully recovered and there are various economic factors affecting consumers’ decision to purchase homes. Under this circumstance, real estate developers ma... Read more

10 Jan 2019

Agriculture

Farm income in 2019…relies primarily on government measures. (Current Issue No.2954)

In 2019, KResearch views that the government’s agricultural assistance policies will be crucial for the farm sector. The government’s ongoing farm support measures which follow up on the projects implemented in the previous year, especially the short-term ones, including direct subsidy and income su... Read more

26 Dec 2018

Industry

2019 Car Exports to Grow 1-4%, with Vietnam Offering Promising Outlook while Shipments to Europe May Shrink (Current Issue No.2951)

We at KResearch expect that Thai car exports will reach approximately 1.15-1.18 million units in 2019, increasing slightly by 1-4 percent over the 1.14 million units projected for 2018, due to a number of downside risks. These include volatile global trade that may dent purchasing power in our expor... Read more

26 Dec 2018

Industry

Thai HDD exports in 2019 are poised to top 250 million units following the rebound in the global computer market and a string of production relocations to Thailand. (Current Issue No.2949)

Thai hard disk drive (HDD) exports in 2019 are expected to continue growing, driven by a boom in computer HDD exports. KResearch estimates that overall HDD exports in 2019 will reach around 252 million-262 million units, increasing between 3.6 and 7.8 percent when compared to 2018, equivalent to USD... Read more

24 Dec 2018

Tourism

Tourism activities in the last 5 days of 2018 toward 2019 are set to generate around THB47.43 billion of revenue. (Current Issue No.2947)

Tourism activities in the last five days of 2018 or between December 28, 2018 and January 1, 2019 are expected to generate THB47.43 billion of tourism revenue, up by 9.3 percent over-year, according to an estimate by KResearch. The buoyant sentiment from both local and international holidaymakers is... Read more

12 Dec 2018

Industry

2019 Sales of Electric Vehicles to Exceed 37,000 Units while Thai Car Market Likely to Shrink by 2-5% (Current Issue No.2945)

Currently, there is a transition in the global automotive industry toward environment-friendly cars. Thailand as one of the world’s leading car production bases has followed suit. Following the debut of domestically-assembled eco-cars in 2010, the country is now a leading environment-friendly car ma... Read more

11 Dec 2018

Services

New Year: Bangkokians expected to spend more than THB30.8 billion, and to be more selective about recipients and gifts (Current Issue No.2944)

KResearch survey reveals that more than 59 percent of the respondents choose to celebrate the 2019 New Year in Bangkok, which is close to last year’s figure of 60 percent, due to heavy traffic, the crowded atmosphere and concerns over their spending power. However, most of the respondents have made ... Read more

30 Nov 2018

Industry

Sugarcane waste management can create an extra source of net income of THB1 billion for farmers. (Current Issue No.2942)

Sugarcane leaves and tops, once considered residue in the sugarcane plantation field, can be used to add economic value and income for sugarcane growers. In the 2017/2018 crop year, the combined amount of sugarcane leaves and tops reached 22.94 million tons. KResearch estimates that, based on the ... Read more

26 Nov 2018

Tourism

Domestic trips of Bangkokian travelers generate THB58.025 billion in 4Q18…more visits to secondary cities (Current Issue No.2941)

Since early 2018, Bangkokians have recorded more domestic trips, which have been stimulated by the government’s policy to promote secondary cities via tax deduction measures, along with active campaigns of both public and private sector to introduce new tourist spots in Thailand. For the last quarte... Read more

21 Nov 2018

Trading

Thai exports turn around in October to rise 8.7%, pushing the whole 2018 growth close to 8% (Business Brief No.3773)

Thai exports in the first 10 months expanded 8.2 percent YoY, driven by favorable expansion of auto products and parts and equipment, in line with steady global economic recovery. In addition, petroleum-related products rose due partly to higher crude oil prices in 2018 when compared to the levels i... Read more

19 Nov 2018

Real Estate and Construction

Land and Building Tax Bill: To Enhance Tax Collection Efficiency … Accelerating Understanding to Tax Payers Needed (Current Issue No.2940)

The draft of the Land and Building Tax Act, B.E….will replace the current local maintenance tax, building and land tax laws once it has been enacted. The new Land and Building Tax Act is intended to enhance the efficiency of tax collection by local administrative organizations in line with the... Read more

16 Nov 2018

Industry

Thai Auto Tire Exports to North America Remain Competitive (Current Issue No.2938)

Currently, Thailand is the world’s third largest auto tire exporting country after China and Germany. In 2017, Thai auto tire shipments reached over USD3.9 billion. We at KResearch are of the view that the Thai auto tire industry will undergo a major change again in the near future as Thailand will ... Read more

6 Nov 2018

Tourism

Thai tourism and hospitality operators increasingly rely on OTAs with OTA fees expected to reach THB29 billion-34 billion (Current Issue No.2934)

At present, the fast-paced business world is fuelled largely by digital disruption. The tourism and hospitality business is one of the industries that has experienced a rapid evolution in the past decade, with Online Travel Agencies (OTAs) emerging to become a force to be reckoned with. The OTA busi... Read more

19 Oct 2018

Industry

Digital asset market: Liquidity issue heightens price volatilities, technology news is most influential factor (Business Brief No.3766)

The digital asset market is facing an inadequate balance of assets and a lack of liquidity in its trading. Currently, Bitcoin is the dominant digital asset that captures more than half of the market; its market share is by far larger than the second and third currencies, i.e. Ethereum and Ripple ea... Read more

12 Oct 2018

Tourism

In spite of positive factors of inbound tourism in 4Q18, Thai tourism industry braces for more challenges ahead (Current Issue No.2933)

KResearch views that after the growth of inbound tourism in 3Q18 registered the lowest rate of the year, Thailand’s inbound tourism market should pick up in 4Q18 with approximately 9.56 million international travelers expected to visit Thailand, up 3.0 per cent YoY. This is because the last... Read more

28 Sep 2018

Trading

E-Commerce likely to double border trade by 2023 (Current Issue No.2928)

Over the first eight months of 2018, Thailand’s border trade and transit trade were valued at THB922.312 billion, growing 6.5 percent YoY. Although growth was slower than the 9.8-percent pace reported in 2017, KResearch views that the THB-denominated amount of our border trade and transit trade for ... Read more

25 Sep 2018

Industry

Digital ID bill paves the way for Thailand to enter the digital era (Business Brief No.3762)

Under the Digital Identification bill, a National Digital Identification (NDID) committee will be set up to govern digital authentication, which will announce additional regulations for Digital ID. The Digital ID bill empowers the committee to regulate three areas: 1) digital identificatio... Read more

21 Sep 2018

Trading

August Export Value Hit a New Record High of USD22.8 Billion while the US-China Trade Spat Begins to Have a Clearer Impact on Thai Shipments (Business Brief No.3761)

The value of Thailand’s outward trade reached THB22.794 billion for August, representing a new record high. However, the August export growth grew at a slower pace at 6.7 percent YoY, due partly to a high 2017 base and 66.6 percent contraction in gold shipments. If the value of gold exports was e... Read more

7 Sep 2018

Industry

2018 mooncake market to reach THB930 million, driven by demands for consumption and gifts (Current Issue No. 2926)

The mooncake market in 2018 is estimated to enjoy an increase by 3.3 percent YoY to reach THB930 million after the sales registered a status quo in 2017. The demands are driven by customers’ desire to buy mooncakes for their personal consumption or presenting them as gifts to others. This year, moon... Read more

23 Aug 2018

Tourism

Thailand remains the top destination of Chinese tourists … 10.9 million travelers from China are expected for 2018 (Current Issue No. 2925)

According to the Ministry of Tourism and Sports’ data, the number of Chinese tourists in Thailand in July 2018 dropped 0.9 percent over-year to a total of 930,000 persons. In contrast, the tourism receipts from the Chinese segment rose 4.5 percent over-year to THB51.38 billion. A slight slowdown is ... Read more

22 Aug 2018

Trading

July Exports to the US contracted for the first time in 21 Month Amid Protracted US-China Trade Dispute (Business Brief No.3757)

Thai outbound shipments to the US and China, however, slowed in July 2018 amid an ongoing trade war between the US and China. The value of Thai exports to the US contracted for the first time in 21 months at 1.9 percent YoY due to a decline in exports of machinery, electronic parts, instant noodles ... Read more

25 Jul 2018

Real Estate and Construction

Investment in Retirement Community Projects May Reach THB6 Billion between 2018-2020 (Current Issue No.2921)

Being in a transition from an ageing society to an aged society, demand for housing facilities intended for the elderly in Thailand has risen. In this market, there are developers in both the public and private sectors, and for private projects; they may be classified into two types: 1) general resi... Read more

20 Jul 2018

Trading

Thai exports in 1H18 rise 11%...and are expected to grow 8.8 % in 2018, with limited impact from the ongoing trade war this year (Business Brief No.3752)

Overall, Thai outbound shipments in 1H18 rose 11.0 percent over year. The growth is attributed mainly to the sustained momentum of economic recovery and the cyclical uptrend of electronic products, which are also expected to drive Thai exports in 2H18. The expansion rate in 2H18 however is expected... Read more

9 Jul 2018

Industry

KR Survey: Plug-in hybrid is No. 1 choice, propelling charging station business with location being the key to achieve break-even point (Current Issue No. 2919)

The adequacy of electric charging station infrastructure is the biggest concern of most consumers. Nonetheless, there are now a small number of plug-in EVs on the roads. According to the KResearch forecast, there will be only around 51,300 plug-in EVs by 2019, while more than 1,000 charging stations... Read more

22 Jun 2018

Tourism

Flow of Russian Tourists Interrupted by FIFA World Cup, Full-year Growth still Expected at 19.2% to 1.60 Million (Current Issue No. 2916)

The 2018 FIFA World Cup hosted by Russia is interrupting the consistent flow of Russian tourist arrivals in Thailand. According to statistics of the Ministry of Tourism and Sports, the number of Russian visitors in Thailand over the first five months of 2018 surged 21.4 percent over-year to reach 80... Read more

11 Jun 2018

Industry

FIFA World Cup to Boost Advertising Spending by 9 percent (Current Issue No. 2915)

All 64 matches of the 2018 FIFA World Cup, scheduled for June 14 – July 15, 2018 in Russia, will be broadcast live on three TV channels. There are nine official sponsors of such live streaming. This football phenomenon is expected to garner huge interest from Thai fans, given the favorable timing ... Read more

8 Jun 2018

Industry

2018 FIFA World Cup to Attract 10.96 Million Viewers and Boost Consumer Product Sales by THB6.685 Billion (Current Issue No. 2914)

The FIFA World Cup is one of the top sporting events that attracts a fair amount of Thai viewers. A survey conducted by KResearch recently on behavior of the Thai audience and their spending during the 2018 FIFA World Cup to be held in Russia, June 14-July 2018, shows that some 10.96 million Thai p... Read more

4 Jun 2018

Services

Private Hospital Business, 2018: Opportunities to Tap into Chinese Medical Tourists (Current Issue No. 2912)

KResearch is of the view that there is heightened competition among private hospitals vying for Thai patients here because purchasing power of such patients remains subdued. Although private hospitals have opportunities to expand their customer bases by capturing the growing number of senior citizen... Read more

23 Apr 2018

Trading

2018 Exports Likely Grow 7% after 1Q18 Shipments hit a 7-year high of 11.3% (Business Brief No.3737)

Thailand’s merchandise exports reached USD22.363 billion for March 2018, representing a fresh record high. As a result, our 1Q18 shipments hit a 7-year high of 11.3 percent YoY. Despite a high 2017 base, the value of March exports was driven by steady economic growth seen in our trade partners, favo... Read more

11 Apr 2018

Tourism

Emerging interest in culture and history boosts domestic tourism in 1H18, while tourist receipts are set to reach THB515 billion. (Current Issue No. 2908 Full Ed.)

KResearch expects domestic travel in Thailand in the first half of 2018 to continue its boom, driven by various factors including “Go Local” campaign and the long holiday during Songkran festival. Thais are going back to their hometowns to reunite with their families and celebrate Thai New Year, whi... Read more

21 Mar 2018

Trading

High Export Growth in February despite High 2017 Base Record-breaking 41% Growth to Japan (Business Brief No.3733)

- Despite a high 2017 base of comparison, February exports continued to expand for the 12th month Thailand’s international trade data for February 2018 indicated a scenario of strong and continued recovery in foreign demand. Despite the high 2017 base because the 2018 Chinese New Year fell in Feb... Read more

9 Mar 2018

Services

Restaurant Business: Expected to Rise 4-5% in 2018 (Current Issue No. 2904)

At present, more restaurateurs are setting up in department stores and other large retail facilities. The current expansion in new shopping malls a... Read more

21 Feb 2018

Trading

1Q18 Shipments to Expand at least 10% on Surprising Growth in January Exports (Business Brief No.3728)

Contrary to the past 5-6 years when the value of January exports tended to fall over-month, January shipments in 2018 posted better-t... Read more

15 Feb 2018

Agriculture

Rice and Cassava Prices Continue to Grow in 2018 But Close Attention Needed toward Other Farm Produce (Current Issue No. 2902 Full Ed.)

KResearch views that the price trends seen in major agricultural produce are already showing a mixed picture in 2018. Some produce are projected to gain higher prices, e.g., rice and cassava, which should return to price gains after less appealing prices in 2017, increasing 2.0 and 21.4 percent YoY ... Read more

13 Feb 2018

Industry

Sugar Prices Floated Turning Point in Thai Cane and Sugar Industry (Current Issue No. 2885 Full Ed.)

KResearch views that a Cabinet resolution dated December 4, 2017, approving a cut in government subsidies and intervention into sugar pr... Read more

13 Feb 2018

Tourism

More Chinese Arrivals in Thailand Early in 2018 10.4-10.6 Million Expected for the Entire Year (Current Issue No. 2900)

This year began with strong growth in Chinese tourist arrivals into Thailand in continuation from 2017. February – having the Chinese New Yea... Read more

24 Jan 2018

Industry

Vietnam’s new rule on auto industry impeding Thai exports Growth expected in other markets (Current Issue No. 2897 Full Ed.)

Beginning January 1, 2018, Vietnam's import tariffs on automobiles from ASEAN member states have been slashed to zero percent, in accordance with... Read more

22 Jan 2018

Trading

Export in 1Q18 slowing due to 2017 base effect after surging 11.7% in 4Q17 (Business Brief No.3723)

Thailand saw a trade deficit in December 2017 for the second time in the year (after one in July 2017) due to higher than expected imports that had... Read more

15 Jan 2018

Tourism

Inbound tourism expected to earn THB2-trillion income in 2018 (Current Issue No. 2895 Full Ed.)

In 2018, inbound tourism market continues to be driven toward further growth. This year, the government and related agencies, incl... Read more

9 Jan 2018

Trading

Delayed GSP Renewal has Limited Impact on Thai Exports to US (Current Issue No. 2894 Full Ed.)

Over recent years, Thai exports to the US have been relatively competitive, thanks to the US Generalized System of Preferences (GSP). Howeve... Read more

29 Dec 2017

Industry

Wireless Telecommunication Market to rise 5.9% in 2018 but Growth slowing amid Fierce Competition (Current Issue No. 2892 Full Ed.)

KResearch views that Thailand's wireless telecommunication market growth will slow somewhat in 2018 on strong competition, particularl... Read more

28 Dec 2017

Services

More Challenges Facing Retail Trade in 2018 Amid Rising Competition from Non-Retail Businesses (Current Issue No. 2891 Full Ed.)

The phenomenon of swift expansion and continual uptrend in e-commerce is viewed by KResearch as a significant turning point in retail trade resulti... Read more

27 Dec 2017

Industry

Thai Auto Market Likely Growing 2-5% in 2018 Offering Scores of Choices and Innovations (Current Issue No. 2890 Full Ed.)

Thailand's auto market has exhibited a turnaround in 2017 after four years of contraction. The major impetus for this could be the recovering purch... Read more

26 Dec 2017

Tourism

Tourism Revenue to Reach THB34.15 Billion during 4-Day New Year Holidays (Current Issue No. 2888 Full Ed.)

The upcoming 2018 New Year holiday should invigorate Thai tourism further as more international and Thai tourists will take vacations here d... Read more

22 Dec 2017

Trading

Recovering Global Economy to Lift 2018 Thai Export Growth to 4.5% (Business Brief No.3720 Full Ed.)

Thailand's outward trade grew steadily for the ninth consecutive month in November, thus sending 11M17 export performance to 10.0 percent... Read more

21 Dec 2017

Agriculture

Higher Rubber Prices Expected for 1Q18 … But Full-Year Average should be Watched (Current Issue No. 2886 Full Ed.)

KResearch views that rubber prices will likely rise during the first quarter of 2018 (‘1Q18'), given positive factors that include... Read more

28 Nov 2017

Real Estate and Construction

Developers Need Caution toward New BKK Homes, 100,000-108,000 Units Expected to Enter the Market in 2018 (Current Issue No. 2883)

As Thai economic recovery momentum is expected to continue in 2018, boosting property developers’ confidence toward the offering of new r... Read more

24 Nov 2017

Industry

Car Rentals, 2018: Growing 6-8%, Driven by Logistics Service and Tourism (Current Issue No. 2882)

We at KReseach expect that turnover within the car rental market here will probably reach THB42.5 billion in 2017, increasing 9 perce... Read more

22 Nov 2017

Trading

Thai Export Strength Continues to the Yearend, Raising 2017 Export Growth to 9% (Business Brief No.3714 Full Ed.)

Thai export value in the first month of 4Q17 (October) continues to show bullish signs. - Exports related to oil prices continued to rise,... Read more

20 Nov 2017

Trading

New Era in Bilateral Trade Negotiations with US to Transform Thai Trade Strategies (Current Issue No. 2881 Full Ed.)

Bilateral trade negotiations with the US are ushering in a new era following President Trump's historic visit to Asia, November 5-14,... Read more

10 Nov 2017

Tourism

75.4% of Bangkok Residents Intend to Travel at Home in 4Q17 (Current Issue No. 2879 Full Ed.)

A poll conducted by KResearch on the behavior of the Bangkok populace toward domestic travel during 4Q17 shows that 75.4 percent of the re... Read more

3 Nov 2017

Services

Millenials and Medium-Income Earners Dictate Current Media Content (Current Issue No. 2877 Full Ed.)

An online poll conducted by KResearch shows that a majority of Thai consumers believe that keeping abreast of news is an important task. Th... Read more

19 Oct 2017

Trading

September Exports Rise, 9M17 Growth 9.3% Buoyed by global recovery, higher commodity and electronic prices (Business Brief No.3707 Full Ed.)

During the first nine months of this year (January-September 2017), Thai exports soared 9.3 percent YoY. September results continued higher to 12.2... Read more

9 Oct 2017

Industry

ICAO’s Removal of Thailand’s “Red Flag” to Boost Airline Revenues to Almost THB300 Billion in 2018 (Current Issue No. 2875 Full Ed.)

The International Civil Aviation Organization (ICAO) has removed Thailand's “red flag” status from their website. Since that sta... Read more

6 Oct 2017

Agriculture

Drones for Agriculture…New Option for Agriculture 4.0 (Current Issue No. 2874 Full Ed.)

Aerial drones for agriculture could be an interesting option as an agricultural tool that offers high precision. They are now becoming very... Read more

2 Oct 2017

Tourism

Thai-US Relations & Tourism US Tourists Likely Reach 1 Million for First Time in 2017 (Current Issue No. 2872)

The Thai Premier's visit to the US, October 2-4, 2017, on an invitation by President Donald Trump, is expected to forge strong... Read more

29 Sep 2017

Tourism

Chinese Tourists Up in 4Q17…Total Number to Reach 9.70 Million for 2017 (Current Issue No. 2871)

According to the Ministry of Tourism and Sports, the number of Chinese tourist arrivals to Thailand grew for the fourth consecutive month in ... Read more

27 Sep 2017

Industry

New Challenges Facing the Mooncake Market in 2017 (Current Issue No. 2870 Full Ed.)

KResearch expects this year's mooncake market will be worth around THB900 million, which would be essentially unchanged from 2016. In 2017... Read more

25 Sep 2017

Services

“Creating a Customized Experience”: Key Strategy for Small Retailers (Current Issue No. 2868 Full Ed.)

We at KResearch are of the view that competition in the online-shopping market here is heating up as Thai and international companies have ... Read more

22 Sep 2017

Industry

Thai Beverage Businesses Take a Cautious Path Amid Various Pressures and New Excise Tax (Current Issue No. 2867 Full Ed.)

Because of a large consumer base, Thailand's beverage market has an extensive variety of products on offer, leading to a situation where... Read more

14 Sep 2017

Industry

New Auto Excise Tax to Induce Investments, Little Effect on Buyers (Current Issue No. 2864 Full Ed.)

The government has introduced a new method of calculation on the auto excise tax, aimed at bolstering efficiency in auto excise tax collection... Read more

25 Aug 2017

Industry

5% Growth expected for Textile Exports in 2017 Many Conditions exist toward Technical Textile Enhancements (Current Issue No. 2863 Full Ed.)

KResearch estimates that Thai textile product exports (exclusive of garments) will grow 5.0 percent to a value of at least USD4.2 billion in 2017, a... Read more

25 Aug 2017

Tourism

Inbound Tourism showing Bright Prospects in 2H17 Earnings from Foreign Tourists Likely to Reach THB1.81 trillion (Current Issue No. 2862 Full Ed.)

The Ministry of Tourism and Sports has reported that during the first seven months of 2017 (7M17), 20.41 million tourists came to Thailand, ... Read more

23 Aug 2017

Trading

15.5% Growth in Imports, 7M17 Minimally Aligned with Private Investment Recovery (Business Brief No.3698 Full Ed.)

Thailand's net international trade for July recorded the first deficit in 27 months, with USD19.040 billion in imports and USD18.852 billion in expo... Read more

27 Jul 2017

Agriculture

Rice Prices to Improve in 2H17 On Dwindling Stocks (Current Issue No. 2860 Full Ed.)

It is expected that Thai rice prices will increase in 2H17 over those seen in 1H17 due to the psychological effect of gradual declines in domestic... Read more

27 Jul 2017

Agriculture

Rice Prices to Improve in 2H17 on Dwindling Stocks (Current Issue No.2860)

It is expected that Thai rice prices will increase in 2H17 over those seen in 1H17 due to the psychological effect of gradual declines in domestic rice stocks, meaning that existing rice stockpiles should be completely exhausted within 2017. The uplift will also be driven by increased demand for Tha... Read more

25 Jul 2017

Industry

Electronics Exports Likely to Grow 8.3% in 2017 First Increase in 2 Years, Buoyed by HDDs and ICs (Current Issue No. 2858)

KResearch holds an optimistic view toward Thailand's electronics exports that will likely return to growth in 2017 for the first time in two years. ... Read more

25 Jul 2017

Services

Income from International Patients Up 3-4% in 2017 (Current Issue No. 2859 Full Ed.)

The number of patients from Middle Eastern countries visiting Thailand for medical treatments has declined steadily due chiefly to changes in their... Read more

24 Jul 2017

Industry

Bangkok Residents Likely Spend Less on Cosmetics in 2017 (Current Issue No. 2857 Full Ed.)

We at KResearch forecast that Bangkok residents, especially those with income below THB20,000/month, will spend less on cosmetics in 2017, due mainl... Read more

21 Jul 2017

Real Estate and Construction

Property, 2H17: Developers Adopt Wait-and-See Attitude (Current Issue No. 2856 Full Ed.)

The residential property market was sluggish in 1H17 and that disappointing performance should continue into 2H17, given that consumer purchasing po... Read more

20 Jul 2017

Trading

June Export Growth Beating Expectation – 11.7% Amid Weakening Export Prices (Business Brief No.3691 Full Ed.)

The Thai export value stood at USD20.28 billion in June, reaching the USD20 billion level for the second time this year. That total amount exceeded ... Read more

30 Jun 2017

Trading

TIP Report 2017: Thailand’s Tier-2 Watch List Status Unchanged – Limited Impact, Fishery Exports Still Rising (Current Issue No. 2855)

In the US State Department's 2017 Trafficking in Persons (TIP) report released on June 27, Thailand was still on the Tier 2 Watch List of the annua... Read more

29 Jun 2017

Industry

Recovery Expected for Pickup Exports in 2H17 Satisfactory Growth in Oceania and CLMV, Massive Fall in Mideast (Current Issue No. 2854 Full Ed.)

KResearch estimates that Thailand's pickup exports may undergo smaller shrinkage in 2017 than last year's 13.3 percent. Any contraction will likely... Read more

22 Jun 2017

Industry

2017 Plastic Pellet Export Volume to CLMV May Grow 4-9%, Largely to Myanmar (Current Issue No. 2851)

We at KResearch project that Thailand's plastic pellet exports overall will advance almost on a par with that reported for 2016 at some 5.9 million ... Read more

12 Jun 2017

Industry

Thriving TV Programming Online Induces More OTT Content Providers (Current Issue No. 2849)

Thriving TV programming online has induced many over-the-top (OTT)[1] content providers to enter this market. They include those providing as their ... Read more

31 May 2017

Industry

Salt Reduction Policy: Opportunities for Healthy Food Products (Current Issue No. 2847 Full Ed.)

The salt intake of the Thai population is now double our daily requirement, and this consumption has caused physical maladies, leading to risk of h... Read more

29 May 2017

Industry

Smart Air Conditioners…Technology Towards the Future 2007 Export Growth to Exceed 20% or USD2 Billion (Current Issue No. 2846 Full Ed.)

Because Thailand is a production base for leading air conditioner brands, in particular Japanese having a reputation for good quality and cutting-ed... Read more

26 May 2017

Agriculture

Thai Coconut Industry Riding the ‘Superfood’ Wave in World Markets (Current Issue No. 2845 Full Ed.)

Coconuts are an important economic crop for Thailand, and they are also classified as being among the so-called ‘Superfood'. Given their current po... Read more

11 May 2017

Tourism

Chinese Tourist Arrivals to Rebound in 2H17, Bringing Full-Year Growth to 5-7.5% (Current Issue No. 2844 Full Ed.)

Thailand's Chinese tourist market is making adjustments. During 4M17, the number of Chinese tourist arrivals to Thailand shrank 7.4 percent YoY to ... Read more

4 May 2017

Industry

Plug-In Hybrid Cars are Most Interesting…According to Consumer Survey (Current Issue No. 2842 Full Ed.)

Based on a KResearch survey on consumer interest and behaviors toward electric vehicles (EVs), most consumers seeking to buy new cars this year see... Read more

26 Apr 2017

Trading

2017 Exports to the EU Driven by Agro-Processing Products (Business Brief No.3675)

The first-round results of the French presidential election were as expected by the market. Although Emmanuel Macron did not get a majority of the ... Read more

25 Apr 2017

Trading

March 2017 Shipments Hit a 4-Year High on Renewed External Demand (Business Brief No.3673 Full Ed.)

Thailand's exports in March 2017 were recorded at USD20.88 billion, the highest in 46 months, owing to multiple conducive factors, e.g., better pri... Read more

12 Apr 2017

Trading

US Trade Measures One-Fifth of Thai Exports may be Affected (Current Issue No. 2840 Full Ed.)

US President Trump's signing of two executive orders on March 31, 2017, marked his first step toward tackling the persistent US trade deficit. Among... Read more

11 Apr 2017

Real Estate and Construction

Polls: Demand for Residences in Bangkok; Purchasing Power Limited (Current Issue No. 2839 Full Ed.)

KResearch has conducted a survey on the buying behavior of Bangkok residents relative to a determination on residential property demand one to two y... Read more

5 Apr 2017

Agriculture

2017 Rice Production Unfazed by Drought, But Prices Must be Monitored (Current Issue No. 2837)

Off-season rice cultivation on over 11 million rai, which exceeds that planned before, has now forced the Royal Irrigation Department to cut water ... Read more

5 Apr 2017

Tourism

Number of Foreign Tourist Arrivals Reaches 11.81 Million in 4M17 on More Visitors in April (Current Issue No. 2838 Full Ed.)

Beginning early in 2017, businesses welcoming foreign tourist arrivals in Thailand faced a number of challenges. Not only had the number of Chinese... Read more

30 Mar 2017

Industry

Vehicles with Intelligent System to Boost Sensor Sales to THB26 Billion in 2017(Current Issue No. 2835 Full Ed.)

KResearch is of the view that a transformation in automotive technology towards intelligent operating systems will increase safety and convenience f... Read more

28 Mar 2017

Industry

Thai Jewelry 2017: Exports to the US May Grow 3-5% (Current Issue No. 2834)

KResearch projects total shipments of gems and jewelry (excluding gold) to the US market may reach USD1.29-1.32 billion this year, representing 3.0-... Read more

27 Mar 2017

Industry

2017 Sales of Shipping Packages to Reach THB5.6 Billion, Buoyed by E-Commerce (Current Issue No. 2833 Full Ed.)

Thriving e-commerce, especially business-to-consumer (B2C) trade that has grown 15-20 percent p.a. – equivalent to THB210 billion p.a. (retail sect... Read more

23 Mar 2017

Trading

February Exports: (-)2.8% YoYAmid High Growth of Shipments to China (Business Brief No.3669 Full Ed.)

Thai exports recorded negative performance at (-)2.8 percent YoY in February 2017. However, that figure would have been 8.5-percent growth, if goods... Read more

13 Mar 2017

Industry

Solutions to ICAO/FAA Problems Key to Regional Hub Goal (Current Issue No. 2830 Full Ed.)

A good sign is seen in the Civil Aviation Authority of Thailand (CAAT) having issued its first air operator certificate (AOC) to a commercial airlin... Read more

1 Mar 2017

Tourism

Domestic Travel, 2017: Growing with THB930-938 Billion Injected into Economy (Current Issue No. 2828)

Domestic travel has an important role towards generating cash flows within our economy, especially in tourist cities and nearby locales. The Minis... Read more

28 Feb 2017

Trading

Three Straight Months of Export GrowthBuoyed by Better Goods Prices following Crude Price Rise (Business Brief No.3665 Full Ed.)

Thai exports exhibited satisfactory growth for the third consecutive month in January, reaching 8.8 percent YoY. Apparent reasons for this included... Read more