Search

Industry Outlook 2021-2023: Modern Trade

Industry Outlook 2019-2021: Modern Trade

Output by the beverage industry is forecast to rise at an average rate of 3.5-4.5% annually over 2025-2027. Domestic sales volume will expand at a similar rate, helped by: (i) growth in the economy, especially in the tourism sector, (ii) steadily rising temperatures; (iii) ongoing urbanization, growth in convenience store networks, and expansion in platform delivery services, and (iv) the development of a wide number of new health related products

Industry Outlook 2023-2025: Modern Trade

The modern trade industry can look forward to average annual growth of 5.0-5.5% over 2024 to 2026. Expansion will be driven by: (i) growth in the economy ; ii)(ii) the continuing rebound in the tourism sector; iii) ; (iii) progress on government-backed infrastructure megaprojects and the drafting of new planning regulations for Bangkok,

In 2026, modern retail businesses are facing pressure from a slowing Thai economy, which is weighing on purchasing power amid ongoing global uncertainties. As a result, middle- to lower-income consumers are increasingly prioritizing essential goods

The market for retail space in the Bangkok Metropolitan Region will remain flat or possibly weaken slightly from the position last year as it struggles against:

Business conditions should improve slightly in the retail rentals sector through 2022, though growth will be limited by the impact on consumer purchasing power of surging inflation and the rising cost of living. In addition, although the reopening of the country to foreign arrivals is helping the tourism sector to recover, at present this remains insufficient to have a major impact on retailers in areas that are dependent on tourist spending especially those in the downtown and tourist areas. Nevertheless, the situation will improve over 2023 and 2024 as economic recovery and a continuing rebound in tourism feeds into stronger private consumption, and progress on the build out of infrastructure helps to spur greater investment in new retail space.

Electric vehicles: An approaching confluence of opportunity and demand