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The Thai auto parts sector is forecast to see continuing growth through the period 2019-2021 on annual increases in domestic demand of 0-5%. This demand will be both for parts used in the assembly of new automobiles and motorcycles (the OEM market) and for spares and replacement parts (the REM market), demand for which will expand in step with the increasing size of the national vehicle fleet.

These include automobiles, motorcycles, auto parts, and electrical and electronic appliances

U.S. names next Fed chair; China’s industrial profits recover unevenly; Thai economy supported by internal and external demands in 4Q25.

U.S. imposes a 15% tariff for 150 days. In Thailand, loan growth still contracts while MPC is expected to hold rates on February 25.

Houthi escalation in the Red Sea intensifies the war, while Thailand’s exports are set to slow amid Middle East tensions.

Global trade risks re-emerge as Trump prepares additional import tariffs; Thailand faces rising living costs and trade uncertainty

The growth trend will slow down between 2020 and 2022 due to the slowdown in consumer purchasing power following the economic conditions.

U.S.–China trade deal eases short-term uncertainty. Japan’s economy shows early signs of recovery under more aggressive fiscal policy.

The Thailand Industry Outlook report evaluates the attractiveness of selected Thai industries to complement the credit evaluation process for the bank’s clients over the next 3 years (2021-2023). The report considers a range of factors that would influence each industry over this period. These include the broad competitive environment (e.g. trends in trade and the global economy, structural changes occurring at global level, and economic outlook for Thailand), as well as sector-specific variables (e.g. industry structure, Thai industrial competitiveness, and ongoing regulatory changes). We look at the players’ ability to cope with uncertainties, generate revenues, and service debt.

The global economy faces increased uncertainty as Trump plans to escalate trade war. Thailand keeps eye on MPC decision this week.