Retailing in Thailand, Market Shares, Summary and Forecasts to 2022
|出版日||ページ情報||英文 103 Pages
|タイの小売市場：市場シェア、概要、予測 Retailing in Thailand, Market Shares, Summary and Forecasts to 2022|
|出版日: 2019年03月20日||ページ情報: 英文 103 Pages||
According to the International Monetary Fund (IMF), Thailand was the eighth largest Asian economy in 2017. The country's real GDP grew 3.7% in 2017, which is the highest growth in the last five years. Economic growth was mainly driven by a recovery in exports, an improving global economy, and growing tourism. Private consumption remained slow at 3.2% in 2017, however, household consumption improved at the end of the year following the implementation of tax breaks.
Retail sales in Thailand reached THB 4,357.7 billion in 2017 and are forecast to grow at a CAGR of 3.9% over the next five years to reach THB 5,285.7 billion by 2022. Growth in the retail industry will be largely driven by improving household consumption, growing exports, strong government spending on infrastructure projects, and rising tourism.
Food & Grocery remains the largest sector in Thailand's retail market and accounted for a value share of 59.6% in 2017, while the health & beauty sector is estimated to produce the fastest growth over the forecast period. However, "Online" will be the fastest-growing channel during 2017 and 2022. With the growing popularity of e-commerce, retailers are increasingly relying on Artificial Intelligence (AI) to integrate online and offline shopping and boost sales.
The report "Retailing in Thailand, Market Shares, Summary and Forecasts to 2022", provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to Thailand retail environment. In addition, it analyzes the key consumer trends influencing Thailand retail industry.