Thailand Food and Drink Report - Business Monitor International - Industry Reports

Thailand Food and Drink Report

Thailand Food and Drink Report - Business Monitor International - Industry Reports
Thailand Food and Drink Report
Published Sep 24, 2016
105 pages — Published Sep 24, 2016
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Abstract:

Despite recent improvements in economic activity - driven by weak crude oil prices and the government s effort to accelerate public investment, private consumption has not gained much traction. Despite several rounds of fiscal stimulus and low oil prices benefiting households real purchasing power, private consumption growth came in at just -.- y-o-y in real terms in Q---, marking only a slight increase from -.- in the previous quarter. ...Despite recent improvements in economic activity - driven by weak crude oil prices and the government s effort to accelerate public investment, private consumption has not gained much traction. Despite several rounds of fiscal stimulus and low oil prices benefiting households real purchasing power, private consumption growth came in at just -.- y-o-y in real terms in Q---, marking only a slight increase from -.- in the previous quarter. The high level of household debt in Thailand, which is among the highest in the region, will remain a factor weighing on the recovery in private consumption. ...Currently, we expect private consumption growth to average -.- over our ---year forecast period and to contribute -.- percentage points to headline growth per year. Indeed, buoyed by the strengthening baht, GDP per capita is projected to rise from an estimated USD-,--- in ---- to USD--,---

...BMI View: Increasing affluence, high female labour participation and an expanding mass grocery retail sector will modernise consumption patterns which will provide strong growth impetus for the food and drink industry. Premiumisation will become more pronounced over our forecast period on the back of a positive tourism outlook. We hold a positive view for the food and drink industry in the North and North- eastern regions of the country as we expect mass grocery retail expansion to pick over the period under review. Food and Drink Spending (---------) Food, sales, THBmn Non-alcoholic drinks, sales, THBmn ---- ---- ---- ----f ----f ----f ----f ----f - -,---,--- -,---,--- -,---,--- -,---,--- f = BMI forecast. Food and Drink Spending (---------) Food, sales, THBmn Non-alcoholic drinks, sales, THBmn ---- ---- ---- ----f ----f ----f ----f ----f - -,---,--- -,---,--- -,---,--- -,---,--- f = BMI forecast. ...Food and Drink Spending (---------) Food, sales, THBmn Non-alcoholic drinks, sales, THBmn ---- ---- ---- ----f ----f ----f ----f ----f - -,---,--- -,---,--- -,---,--- -,---,--- f = BMI forecast.

...There is strong interest in added-value products among middle- and upper-income groups, particularly products that address current trends such as health consciousness, hygiene and a preference for local flavourings. Thailand s location makes it an attractive investment choice for companies seeking a regional hub but that are deterred by the high costs of traditional hub markets such as Hong Kong and Singapore. ...

  
Source:
Document ID
1749-3013
Country
Industry
Industry
Industry
Industry
Industry
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Thailand Food and Drink Report" Sep 24, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Thailand-Food-and-Drink-Report-2026-45>
  
APA:
Business Monitor International - Industry Reports. (2016). Thailand Food and Drink Report Sep 24, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Thailand-Food-and-Drink-Report-2026-45>
  
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