8 Aug 2024
Industry
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20 Feb 2024
30 May 2023
8 Apr 2023
7 Apr 2023
Supply chain restructuring … Increasing costs while pressuring margins among electronics businesses... Read more
27 Mar 2023
Non-alcoholic beverage market, 2023: Growing in line with marketing and advertising drives... Read more
22 Mar 2023
17 Mar 2023
1 Mar 2023
Domestic BEV sales set to reach 50,000 units in 2023... 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 to the global food crisis. However, there are challenges from higher global sugar supplies that may cause international sugar prices and export prices of Thai sugar to decline. Moreover, intense price competition in global sugar markets, uncertainty surrounding the new Sugarcane and Sugar Act, and sugar consumption policies and trends of trade partners may affect Thailand’s sugar production and exports going forward. ... 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 of 4.6 percent.... 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 maintain production standards, with livestock (chicken), fruits (fresh/chilled/frozen) and processed food (seafood/vegetables) serving as major drivers of market growth.... 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 political situation does not significantly impede the government’s budgetary disbursements, we at KResearch are of the view that key industries in country may still recover at different paces, depending on the levels of impact from various factors while some industries may experience specific challenges such as technological changes, effects of the US-China trade war, a race to become a technology leader in the global market, and supply glut. ... 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 internet services. It is expected that the 4G to 5G technology transition will hinge on three factors, namely smartphone functions, smartphone prices and the 5G smartphone ecosystem. ... 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 performed much better than the global average and improved by a greater degree than countries of similar standings in many dimensions, ranging from air quality and fisheries to waste management and wastewater treatment – all of which, however, remain below the global average. ... 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-Tapao is expected to be inked in the middle of 2020, making it possible for the first phase to become operational by 2023. The latest development will pave the way for Thailand to become a MRO center for a large number of aircraft from inside and outside the region. Nonetheless, the MRO market competition has recently intensified as many countries in ASEAN also aspire to become an investment base for this industry as well.... Read more
18 Oct 2019
KResearch predicts that Thailand’s food and beverage exports in 2019 will increase 3.5 percent YoY, or equivalent to USD26.6 billion, driven by key export items, namely, fresh and frozen and chilled fruit, poultry products (chicken), wheat products, other ready meals and non-alcoholic beverages which have continued to expand and are still in demand in Thailand’s major trading partners, namely the Chinese and ASEAN markets.... Read more
3 Oct 2019
Thailand’s electronic industry is about to reach a saturation point, and its stance in the global supply chains has gradually become weaker. Thailand, therefore, needs to speed up reforming its electronic industry in line with the evolving technology products in the world market, instead of trying to compete with neighbors in terms of labor cost and manufacture of the same old products with a low portion of added value. Thailand may build on its strength and readiness for being a main production base for products with prospects in the international market such as automobiles and electrical appliances. The automotive industry is transitioning toward electric vehicles (EV). Meanwhile, the Internet of Things (IoT) is increasingly being used with electronic devices. This trend is set to rise in the future.... Read more
18 Jul 2019
Growth in the global electric vehicle (EV) market currently has prompted Japanese car makers to restructure their supply chains by adopting horizontal specialization. Under this strategy, they have joined forces with their partners to develop a single platform. This has benefited Thai auto parts makers overall over the first 10 years when the car market consisted largely of internal combustion engine vehicles. Due to increased investments in hybrid electric vehicle (HEV) and plug-in hybrid electric vehicle (PHEV) in Thailand, their impact on demand for engine parts will be limited. As the battery electric vehicle (BEV) market will likely be small over the next 10 years, we at KResearch project that only 2.4 percent of the engine parts value will disappear when compared to the case that there are no BEVs in the market. ... Read more
14 Jun 2019
The government’s controls on air pollution, including the Euro 4 emission standards and new excise tax on motorcycles, based on carbon dioxide (CO2) emissions, which are expected to be enforced at the beginning of 2020, will likely have a varying effect on motorcycle price ahead. ... Read more
15 May 2019
The domestic and export markets of Thai motorcycles have become saturated. However, the outlook for domestic sales and exports of big bikes remains promising. This has steadily attracted the world’s major big bike makers to invest in Thailand, making us one of the leading big bike manufacturing and exporting nations.... Read more
19 Oct 2018
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 each of which accounts for 10 percent of the entire market. Accordingly, factors affecting Bitcoin prices are highly influential to the overall digital asset market value and also the investors’ sentiment. Meanwhile, the market volume of digital assets is rather low because a large amount of digital assets is in the hands of a few investors who buy digital assets for long-term speculations. Given that the accessible supply of digital assets is limited, their prices are highly volatile. ... Read more
25 Sep 2018
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 identification verification system, 2) authorization system, and 3) personal data protection.... Read more
7 Sep 2018
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, mooncake prices have gone up because of higher costs for packaging designs and different flavors; these are the two elements that have become more crucial in boosting mooncake sales in lieu of the customers’ desire to follow the old tradition of worshiping the moon. The disappearing tradition during the Mid-Autumn Festival has been modified to fit the changing times.... Read more
11 Jun 2018
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 of the games that is between 5 p.m. – 3 a.m. Thai time. According to KResearch, the value of advertising spending should rise THB680 million over the normal figure, thus making a total of THB7.98 billion for this period, or 9 percent higher than normal or other periods without this world tournament. This projected amount boosting the advertisement business for a short time consists of THB600 million for TV adverts and THB80 million for other media, including printed media, out-of-home media and online media ... Read more
13 Feb 2018
KResearch views that a Cabinet resolution dated December 4, 2017, approving a cut in government subsidies and intervention into sugar pr... Read more
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