Growth rate of retail trade in construction materials Thailand 2018-2020

Thailand's retail trade in construction materials was forecasted to contract by 18.6 percent in 2020. This forecast was made on the worst-case scenario assumption, in which 80 percent of construction material retailers would have to be closed-down until the end of June 2020 due to the COVID-19 pandemic.

The costs of construction

Labor and materials are the main components of construction costs in Thailand, with construction materials taking the highest proportion of costs followed by labor. The price of construction materials has risen in recent years in Thailand, increasing costs for businesses in the industry. Despite this increase, there is still potential for the construction industry to counter these costs, specifically in Bangkok, from increasing demand of condominiums. In the first half of 2019 alone, Bangkok had more than 27 thousand of new condominiums.

Construction materials suppliers

In recent years, Home Product Center was the leader in construction material trading in Thailand. Other leading construction material traders also include CRC Thai Watsadu, Siam Global House and Dohome. Home Product Center, stylized as HomePro, is a major retail chain in Thailand which specializes in home products for home refurbishments and renovations. Additionally, the company also provides construction, installation and maintenance services of home products.

Growth rate of retail trade in construction materials in Thailand from 2018 to 2019, with a forecast for 2020

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% Discount until October 31st
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

April 2020

Region

Thailand

Survey time period

2018 to 2019

Supplementary notes

*Value based on an assumption that 80 percent of retailers were temporarily closed down until June 2020.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Construction industry in Thailand"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.