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, the market should bounce back to growth over 2024 to 2026 and the forecast is thus for sales to the domestic market to expand by 3.0-4.0% annually on (i) general economic growth and the positive impacts of this on consumer purchasing power; (ii) an expansion in sales made through modern trade outlets; (iii) the development of new product lines, with healthier options likely to be especially important; and (iv) an uptick in economic activity that will boost sales of goods that are easy to consume.

During 2027–2029, domestic sales volume of ready-to-eat (RTE) food is expected to grow by an average of 2.8–3.8% annually,

During 2026–2028, Thailand’s domestic sales volume of ready-to-eat foods is expected to expand by an average of 2.3–3.3% annually.

The warehouse rentals industry will enjoy ongoing growth over 2023-2025 thanks to the steady expansion in both the Thai and the global economies and its positive impacts on international trade. Tailwinds will also blow from the rebound in the Thai tourism industry, which is helping to stimulate increased levels of domestic consumption. This is thus lifting the manufacturing sector overall.

Sales of ready-to-eat food will increase through 2022-2024. The domestic market, the main source of income for the industry, will be buoyed by sales of instant noodles, as weak spending power encourages consumers to turn to low-cost foods. Sales of chilled and frozen food are also expected to rise with the spread of modern trade outlets, of which are the main distribution channel. In addition, ongoing urbanization is also encouraging consumers to adopt lifestyles that place a greater premium on convenience and speed, which will naturally translate into stronger sales of ready-to-eat meals.

Over the three years from 2021 to 2023, the value of the domestic market for ready-to-eat food will gradually rise.

From 2023-2025, sea freight operations should enjoy a brighter outlook, thanks to steadily improving global and Thai economic conditions and income from freight charges that will remain above its pre-COVID level. Meanwhile, the supply of new ships will expand only slowly.

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Over 2022 to 2024, the warehousing industry will improve with recovery in manufacturing and exports, expansion in the online retail and logistics sectors, development of new projects in industrial estates, special economic zones, and the EEC, and investment by the government in infrastructure and transportations networks that will increase regional connectivity