Search

Services include hotels, private hospitals, mobile phone services, Data Center, Digital Services, Restaurant and Automotive Dealerships

Thai rice outputs are expected to contract through 2024 from the effects of the El Niño. However, total outputs will trend upwards through 2025 and 2026 due to the transition to La Niña conditions in the third quarter of 2024 that will boost rainfall. Domestic consumption from 2024 to 2026 will be boosted by the recovery of the restaurant, hotel, and food processing industries.

Krungsri Research sees the Thai sugar industry contracting through 2024. Although the domestic market receives the positive impacts of recovery in the tourism sector and an improving outlook for the restaurant business, the contracted exports due to the effects of drought on agricultural outputs offset those positive impacts. However, the situation will improve over 2025 and 2026 thanks to the emergence of La Niña conditions and thus of a more favorable climate; the high price of sugar and the incentive effects of this on supply growth;

Services include hotels, private hospitals, mobile phone services, Data Center, Digital Services, Restaurant and Automotive Dealerships

Services include hotels, private hospitals, mobile phone services, Data Center, Digital Services, Restaurant and Automotive Dealerships

Services include hotels, private hospitals, mobile phone services, Data Center, Digital Services, Restaurant and Automotive Dealerships

During 2026-2028, total revenue for Thailand’s food and beverage service business is projected to expand by an annual average rate of 2.9-3.9%.

Recent news reports suggest COVID-19 may be transitioning from a regional public health crisis to a global pandemic

The Covid-19 situation has been developing rapidly. The number of reported cases in Thailand has been rising and the virus has spread to most provinces

Cascading economic sudden stops led by the virus crisis