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14 Feb 2024

Econ Digest

The influx of top 5 Chinese products imported to Thailand

คะแนนเฉลี่ย

Retail sales in 2024 are expected to grow by 3.0%; Thai manufacturers face intense competition from Chinese products

  • KResearch anticipates that retail sales in 2024 will expand slower than the previous year. The growth is projected to reach 3.0%YoY, with an estimated value of THB4.1 trillion. Supporting factors remain foreign tourists’ spending and potential increases in some product prices.
  • While the overall retail market will continue to grow in 2024, intense competition from the influx of imported products, especially from China, will present a challenging business environment for Thai manufacturers.

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