Forecast for Thailand's retail sales growth 2008-2018

In 2018, retail sales were forecasted to grow by 4.3 percent in Thailand. According to the figures, the retail sales growth had been fluctuating since 2009.

Food and beverage retail in Thailand

  The food and drinks market in Thailand is essential and diverse, it contributes hugely to the economy of the country. In 2019, approximately 90.88 million tons of soy sauce was sold in Thailand, followed by fish sauce, and frozen and chilled meat. As the urban lifestyle is becoming more widely adopted by the Thai people, so are eating trends. The Thai locals have seemed to lean towards the fast and convenient way of eating more – packaged foods have become one of the alternatives. The sales value of packaged food and drinks in Thailand was forecasted to reach around 33 billion U.S. dollars in 2020, almost doubling the amount from 2010.

Major retailers in Thailand

  While the retailer market is shared by several major retailers such as CP All PCL, Central Group, and the Mall Group, the largest retailer in Thailand based on the sales value was CP All PCL, with a sales value of approximately 527.86 billion Thai baht in 2018. As an affiliated corporation of CP All PCL, 7-Eleven is also one of the most successful modern retailers in Thailand, generating sales value of roughly 81 billion Thai baht in the first quarter of 2019 alone.

Forecast for Thailand's retail sales growth from 2008 to 2018, by volume

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Sources

Release date

February 2015

Region

Thailand

Survey time period

2008 to 2013

Supplementary notes

Figures for 2014 onwards are forecasts. Prior years are actuals or estimates.

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