As of March 2023, retail sales grew by almost 0.5 percent in Thailand. In 2022, the retail sales in the country had shown the highest growth in August, reaching around 22.6 percent growth.
Food and beverage retail in Thailand
The food and drinks market in Thailand is essential and diverse. It contributes gravely to the economy of the country. In 2021, approximately 96 million tons of soy sauce was sold in Thailand, followed by fish sauce, and frozen and chilled meat. As the urban lifestyle became widely adopted by the Thai people, their consumption habits shifted. Leaning towards eating fast and convenient food, packaged foods come in handy. The sales value of packaged food and drinks in Thailand was the highest for dairy products in 2022, followed by rice, pasta, and noodles.
Major retailers in Thailand
While the retailer market is shared by several major retailers such as CP All Plc, Central Group, and the Mall Group. In Thailand, CP All Plc is the largest retailer based on sales. In 2022, CP All Plc generated the total sales revenue of around 224.4 billion Thai baht. As an affiliated corporation of CP All Plc, 7-Eleven convenient stores are also one of the most successful modern retailers in Thailand with nearly 14 thousand outlets nationwide.
Growth rate of retail sales in Thailand from April 2022 to March 2023
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CEIC. (August 28, 2023). Growth rate of retail sales in Thailand from April 2022 to March 2023 [Graph]. In Statista. Retrieved December 08, 2024, from https://www.statista.com/statistics/232447/thailand-retail-sales-growth/
CEIC. "Growth rate of retail sales in Thailand from April 2022 to March 2023." Chart. August 28, 2023. Statista. Accessed December 08, 2024. https://www.statista.com/statistics/232447/thailand-retail-sales-growth/
CEIC. (2023). Growth rate of retail sales in Thailand from April 2022 to March 2023. Statista. Statista Inc.. Accessed: December 08, 2024. https://www.statista.com/statistics/232447/thailand-retail-sales-growth/
CEIC. "Growth Rate of Retail Sales in Thailand from April 2022 to March 2023." Statista, Statista Inc., 28 Aug 2023, https://www.statista.com/statistics/232447/thailand-retail-sales-growth/
CEIC, Growth rate of retail sales in Thailand from April 2022 to March 2023 Statista, https://www.statista.com/statistics/232447/thailand-retail-sales-growth/ (last visited December 08, 2024)
Growth rate of retail sales in Thailand from April 2022 to March 2023 [Graph], CEIC, August 28, 2023. [Online]. Available: https://www.statista.com/statistics/232447/thailand-retail-sales-growth/