8 Nov 2023
Industry
... Read more
FileSize KB
30 Oct 2023
Agriculture
27 Oct 2023
Services
25 Oct 2023
Energy
18 Oct 2023
Tourism
9 Oct 2023
21 Sep 2023
15 Sep 2023
1 Sep 2023
Real Estate and Construction
24 Aug 2023
22 Aug 2023
2 Aug 2023
20 Jul 2023
19 Jul 2023
6 Jul 2023
5 Jul 2023
30 Jun 2023
23 Jun 2023
31 May 2023
30 May 2023
26 May 2023
Trading
17 May 2023
The Royal Ploughing Day marks the start of the rainy season and in-season rice cultivation, but El Niño during 2H23 may dent 2023 in-season rice output by 4.1-6.0%... Read more
12 May 2023
9 May 2023
8 May 2023
28 Apr 2023
11 Apr 2023
Hydrogen technology… Expected increase in demand for renewable energy to drive green hydrogen production... Read more
10 Apr 2023
PM2.5 crisis could get much worse if it is not quickly dealt with... Read more
8 Apr 2023
7 Apr 2023
Supply chain restructuring … Increasing costs while pressuring margins among electronics businesses... Read more
31 Mar 2023
We at KResearch expect the number of food delivery orders in 2Q23 may shrink slightly from that reported in the previous quarter despite several supporting factors. ... Read more
27 Mar 2023
Non-alcoholic beverage market, 2023: Growing in line with marketing and advertising drives... Read more
24 Mar 2023
22 Mar 2023
20 Mar 2023
Thai rice and cassava prices projected to increase during 2023 in line with stronger demand driven by China’s reopening... Read more
17 Mar 2023
16 Mar 2023
Cyber threats may cause consumers to purchase goods via B2C e-commerce with extra caution... Read more
13 Mar 2023
Thailand's shrimp export growth expected to be in a range of -3.5 to 0.5 percent in 2023 amid a slowdown in major markets, despite demand from China... Read more
Home sales, 2023: Remaining static or shrinking amid economic uncertainties, interest hikes and hefty household debts... Read more
1 Mar 2023
Domestic BEV sales set to reach 50,000 units in 2023... Read more
24 Jan 2023
Economic slowdown in Thailand’s trade partners during 2H22 and the high 2021 base caused Thailand’s outward trade in December 2022 to contract sharply for the third consecutive month at 14.6 percent YoY, equivalent to USD21,718.8 million. As a result, Thailand’s overall 2022 export growth stood at o... Read more
11 Jan 2023
The Chinese authorities’ relaxation of quarantine rules for inbound travellers, cancellation of limited number of passengers on international flights from January 8, 2023, and resumption of the application and renewal of passports for Chinese residents, would benefit Thailand's tourism industry. As ... Read more
30 Dec 2022
Thailand is transitioning towards a green vehicle society. KResearch is of the view that domestic sales of plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs) may reach 300,000 units by 2025, suggesting that the demand for electric charging in the country will substantially... Read more
28 Dec 2022
KResearch views that retail sales in 2023 will see continual growth in line with economic conditions and consumer purchasing power. However, multiple challenges may persist. In 2023, the retail market is expected to expand by 2.8-3.6 percent YoY, thanks to the return of foreign tourists, rising prod... Read more
27 Dec 2022
After the Chinese government began easing domestic lockdown measures in November 2023, it recently announced the relaxation of inbound travel restrictions, effective January 8, 2023, which is sooner than expected by observers. Therefore, it is most likely that Beijing will allow Chinese nationals to... Read more
21 Dec 2022
It is expected that Thailand’s tourism will be busy once again after a two-year hiatus as more Thais intend to travel in the country while foreign travelers are planning to visit Thailand during the upcoming New Year 2023 festive season. As a result, cash flows in travel-related businesses here may ... Read more
19 Dec 2022
Sugar is one of the products that will likely help boost Thai food and beverage exports during 2022 and through to 2023, thanks to the elevated global sugar prices and recovery in domestic sugar output. Additionally, its demand remains intact as COVID-19 in many countries has begun to ease and due t... Read more
16 Dec 2022
Thailand’s food delivery market is expected to see a slowdown due to increased economic activity and lifestyle changes that are seeing many more consumers return to dine-in and takeaway options. KResearch projects that market value of food delivery business going forward will be static or drop when ... Read more
9 Dec 2022
2023 international arrivals projected to reach 20.0-24.0 million amid several challenges that lie ahead ... Read more
7 Dec 2022
First anniversary of China-Lao PDR railway offers another export channel via Thailand’s borders to promising areas in China ... Read more
2 Dec 2022
Overall net farm income in Thailand in 2023 is likely to face numerous challenges that are varied based on agricultural product type. This is because the global economic outlook is beset with risks that could trigger a drop in demand for farm products – especially uncertain demand from China – and a... Read more
18 Nov 2022
Amid the global green trends, many countries have imposed environmental measures and have increasingly started to use eco-friendly plastics (recycled plastics / bioplastics) to replace fossil-based plastics. Such actions have affected Thailand’s plastic resin industry, which still relies mainly on s... Read more
16 Nov 2022
KResearch views that market value of B2C e-commerce in 2022-2023 will grow at a slower pace after reaching double-digit growth during COVID-19. In 2023, the market is expected to expand at around 4-6 percent – the lowest when compared to its average growth of 26 percent per year over the past three ... Read more
15 Nov 2022
Active domestic tourism at year-end; full-year 2022 domestic tourism projected to reach 150.8 million trips (Current Issue No.3359)... Read more
3 Nov 2022
Coffee prices in the global market have been rising since the end of 2021. Brazil and Vietnam – major coffee suppliers – have faced severe climate change causing damage to their production. High global coffee prices are expected to persist until a new round of Brazil’s coffee output enters the marke... Read more
2 Nov 2022
In 2022, housing market indicators have exhibited improving signs, but unevenly. Amid increased confidence towards the recovery in the economy and tourism after the COVID-19 pandemic has eased, residential developers have begun to resume investment in more new projects. However, new home purchases h... Read more
25 Oct 2022
The restaurant industry is expected to revive going forward, driven by Thailand’s economic activity that has gradually returned to normal, along with recovery in the tourism sector. The number of Thai and foreign tourists which is on the rise, especially amid an expected surge in international touri... Read more
19 Oct 2022
Hotel and lodging business, 2022: Recovering gradually, but at a meager pace ... Read more
29 Sep 2022
It is expected that ongoing flooding across Thailand will hurt crop outputs during the rainy season, particularly rice as major rice outputs have gradually begun to enter the market, especially in the northeastern and northern regions, which are home to ‘Hom Mali’ rice cultivation and are being hit ... Read more
14 Sep 2022
The convenience store is another retail segment that has been affected by the COVID-19 pandemic over the past 1-2 years. In 2022, we at KResearch, however, expect that turnover in the convenience store business will resume growth of roughly 13-15 percent YoY, thanks to the low base of 2021.... Read more
30 Aug 2022
วุฒิสภาของสหรัฐได้เสนอร่างกฎหมาย Clean Competition Act ซึ่งประกอบด้วยมาตรการกำหนดการกลไกราคาคาร์บอน (Carbon Pricing) สำหรับสินค้าที่ผลิตในประเทศ และมาตรการปรับราคาคาร์บอนก่อนข้ามพรมแดน (Carbon Border Adjustment Mechanism: US-CBAM) สำหรับสินค้านำเข้า โดยกลุ่มอุตสาหกรรมเป้าหมาย ได้แก่ ผลิตและกลั่นปิโต... Read more
29 Aug 2022
KResearch views that an increase in the average daily minimum wage by 5 percent starting October 1, 2022 will affect industrial costs in the last quarter of this year and into next year. This may lead to an average cost increase of around 0.5 percent and a decrease in operating profit by an average ... Read more
26 Aug 2022
The overall income of Thai rubber growers may remain favorable at around THB261-271 billion in 2022, an increase of 2.8-6.6 percent YoY, supported primarily by prices. The average price of rubber sheet grade 3 may stand at approximately THB54-56/kg, driven by demand from the auto-tire and medical gl... Read more
27 Jul 2022
Results of behavioral survey and consumers’ views on problems related to environmental sustainability and their tendency towards ESG investment (Current Issue No.3337)... Read more
22 Jul 2022
Although consumer purchasing power is being pressured by the high cost of living and uncertainties surrounding COVID-19, the nursing home business may continue to perform relatively well during 2022 as it is one of the healthcare services that are necessary for many seniors/patients. Additionally, t... Read more
Presently, competition in the domestic car market, particularly the BEV market, has changed significantly. Thailand has undertaken greater efforts of investment to retain its domestic automotive industry by providing extensive support from this year through to 2025. ... Read more
21 Jul 2022
Last-mile delivery business, 2022: Growing slower than in 2021 due to numerous challenges... Read more
1 Jul 2022
On July 1, 2022, the Center for COVID-19 Situation Administration (CCSA) fully reopens the country for international tourist arrivals by cancelling Thailand Pass registration and health insurance requirements for foreigners – this action is a major supportive factor for Thai tourism, which has long ... Read more
29 Jun 2022
In 2022, Thailand may be at risk of a tighter rice supply, caused primarily by chemical fertilizer prices that have hit multiple record highs amid the Russia-Ukraine conflict. In contrast, there has been pent-up demand seen for rice, as evidenced by higher rice exports, which have in turn pressured... Read more
22 Jun 2022
Food delivery business set to face more challenges from sagging demand and high energy costs after COVID-19 has eased (Current Issue No.3326)... Read more
19 May 2022
Prices of chemical fertilizers in the country have hit successive record highs in line with their raw material costs and tight global supplies due to the impact of the Russia-Ukraine conflict. ... Read more
29 Apr 2022
Thailand is one of many countries that have significantly eased entry requirements on international arrivals, considering the country’s current COVID-19 situation. According to the Asia travel-readiness index compiled by the Economist Intelligence Unit (EIU), Thailand was one of the highest-scoring ... Read more
27 Apr 2022
The Carbon Border Adjustment Mechanism (CBAM) is one of the key elements of the ‘Fit for 55’ package under the European Green Deal, which sets out a clear path towards realizing the EU’s target of a 55 percent reduction in carbon emissions compared to 1990 levels by 2030 and to become a net-zero co... Read more
7 Apr 2022
Amid rising electricity costs, driven by elevated fossil fuel prices as a result of the Russia-Ukraine crisis, bright prospects are being seen in solar rooftop investment in the business sector as entrepreneurs have to save on electricity costs while also responding to the clean energy trend even as... Read more
1 Apr 2022
New supportive measures introduced by the government have substantially helped bolster the Thai BEV market. Intense competition has quickly been seen in the BEV market as Chinese carmakers capitalized on the timing, when mainstream carmakers were unprepared, to seize their share of the BEV market vi... Read more
28 Mar 2022
The Thai industrial sector, which is heavily dependent on raw material imports, is set to experience higher production costs as global raw material prices are projected to stay at elevated levels during most of the remainder of 2022 if the Russia-Ukraine war is prolonged and sanctions against Russ... Read more
24 Mar 2022
China, the US and European Union (EU), which are Thailand’s key trade partners, have announced their net-zero commitments while also implementing various environmental measures to achieve these targets, as follows:... Read more
21 Mar 2022
Food delivery operators will tend to benefit from consumer behaviors during this period of high COVID-19 infections, wherein many businesses are still using a hybrid work model. At the same time, platform operators and restaurants continue to launch marketing campaigns and offer promotions to boost ... Read more
17 Mar 2022
KResearch expects that food and beverage (F&B) spending in the country during 2022 will reach THB2.57-2.59 trillion, an increase of 1.9-2.7 percent, against the 2.5 percent growth reported for 2021. The increase will be supported by a 3.1 percent rise in their prices in line with elevated processing... Read more
16 Mar 2022
15 Mar 2022
The ongoing conflict between Russia and Ukraine, which are the world’s leading wheat exporting nations, has driven up global wheat prices to a record high that we have never seen in recent years. ... Read more
1 Mar 2022
KResearch views that inflation, rising living costs, uncertainty surrounding COVID-19, and impacts from the potentially prolonged unrest in Ukraine will continue to affect the economy and consumers’ purchasing power. B2C e-commerce (for products only) may grow by around 13.5 percent or approximately... Read more
28 Feb 2022
We at, KResearch, expect that turnover in the cold-chain logistics business that penetrates the B2C segment will reach approximately THB2.9-3.0 billion in 2022, an increase of 15-20 percent (YoY), down from the 40-45 percent (YoY) growth projected for 2021. The decline is due partly to the high base... Read more
23 Feb 2022
KResearch is of the view that prices of Thai oil palm will stay at an elevated level of THB7.5-9.5/kg during 1Q22 in line with high global crude palm oil and energy prices. Meanwhile, an adjustment to the mixture of biodiesel to B5,... Read more
31 Jan 2022
KResearch is of the view that despite improving signs seen in the COVID-19 situation, which may cause demand for related medicines to decline from the preceding year, existing local patients and some segments of international patients, who have common diseases, are expected to gradually resume medic... Read more
13 Jan 2022
KResearch views that Thailand’s agricultural machinery market will continue to see expansion, with market value of THB 84.6-87.9 billion, or growth of 1.6-5.6 percent (YoY), mainly supported by ample demand. However, this growth may occur at a slower pace, due to easing pent-up demand and slower dem... Read more
5 Jan 2022
Restaurant business 2022: Growth expected at 5.0 – 9.9 percent, Omicron variant and cost of ingredients remain major challenges... Read more
30 Dec 2021
The year 2022 will remain another challenging year for the housing market. However, the market will be supported by measures for reduction of property ownership transfer and mortgage registration fees to 0.01 percent for residential units with price of up to THB 3 million – which will be extended to... Read more
The government will soon announce measures to boost domestic demand for battery electric vehicles (BEVs), with the aim of maintaining their prices at a level closer to those of petrol-driven cars. KResearch views that car manufacturers who would benefit from the initiatives may be limited to those e... Read more
23 Dec 2021
In recent times, the concept of the ‘metaverse’ has been attracting more attention worldwide. Operators planning to utilize the metaverse in their businesses are primarily focused on seeking new forms of business opportunities in the consumer market, whether it is a new retail sales channel that cre... Read more
13 Dec 2021
KResearch is of the view that Thai rice prices will likely increase slightly during 2022 after having bottomed out in 2021. The marginal rise is due to the low base of 2021. Rice prices are projected to increase to a range of THB8,900-9,400/ton in 2022, representing a contraction of 1.6 percent to a... Read more
8 Dec 2021
The COVID-19 pandemic, lockdown restrictions on the restaurant business, work-from-home policies, the fact that consumers have become more familiar with food delivery applications, and the government’s co-payment program will likely cause turnover in the food delivery business (a new base, which inc... Read more
30 Nov 2021
KResearch is of the view that Thai pet food exports will continue to enjoy bright prospects ahead. For 2022, we expect that the value of Thai pet food shipments will reach roughly USD2.4 billion, an increase of 20 percent, which would be a slight decline from the 23 percent growth projected for 2021... Read more
18 Nov 2021
This year, Thailand’s motorcycle market has been seriously affected by the COVID-19 outbreak, diminishing consumers’ purchasing power. As the principal buyers, grassroots customers have been particularly affected. For the entirety of 2021, KResearch projects that total motorcycle sales may be aroun... Read more
8 Nov 2021
Thais have been found to begin taking more domestic trips after the government relaxed lockdown restrictions, lifted a ban on inter-provincial travel, bolstered the vaccination rate, and introduced measures, aimed at stimulating domestic travel. A survey on domestic travel demand shows that more tha... Read more
3 Nov 2021
During 4Q21, the full-service restaurant business is being supported by two factors as part of the government’s relaxation of various lockdown restrictions. They are the lifting of curfew in pilot tourist destinations under its reopening plan, and permission for restaurants to serve alcoholic bevera... Read more
29 Oct 2021
KResearch has preliminarily assessed that the damage to the rice crop from flooding in September and October 2021 may amount to around THB 6.3-8.4 billion. Due to the effects of recent storms, many provinces in the northeastern, northern and central regions of Thailand are experiencing ongoing flood... Read more
26 Oct 2021
In September 2021, Thai exports soared 17.1 percent, against the 8.9 percent reported for August 2021, supported by several factors. These include improving COVID-19 situations and economic conditions in many countries, thanks to their higher inoculation rates, plus the depreciating Baht. Additional... Read more
15 Oct 2021
KResearch views that the COVID-19 situation and vaccine accessibility have improved to the point that the government has eased many lockdown measures, allowing more economic activities to resume operations in the final quarter of 2021. Since many businesses are expected to launch campaigns to boost ... Read more
It is now certain that Thailand will reopen to international tourists with no quarantine requirements from November 1, 2021. Under the plan, fully vaccinated foreign visitors will need to show that they are COVID-free at their time of travel with a test undertaken before they leave their home countr... Read more
8 Oct 2021
KResearch projects that the revenue of private hospitals in 2021 will grow 11.8 percent YoY, as opposed to 2020 which saw a contraction of 12.5 percent. Such recovery can partly be attributed to the low base of the previous year while revenue remains below pre-COVID-19 levels. Most of private hospit... Read more