Thailand Food and Drink Report Q2 2014

Thailand Food and Drink Report Q2 2014

Published: March 2014
Publisher: Business Monitor International (BMI)
Product ref: 199773
Pages: 148
Format: PDF
Delivery: Immediate download

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BMI View: The latest real GDP growth reading came in disappointingly weak at a seasonally adjusted 1.3% quarter-on-quarter (q-o-q) in Q313. Crucially, the latest figures suggest that cooling external demand is beginning to impact household spending and business investment. Escalated political tensions will also further dampen investor sentiment and economic activity into 2014. We have downgraded our real GDP growth forecast for Thailand from 3.8% to 3.2% for 2014. With no signs of a possible resolution to the political impasse and violent protests, the risk of a sustained contraction in gross fixed capital formation over the coming quarters presents the biggest threat to Thailand's economic outlook in 2014 and 2015.

Headline Industry Data (local currency) ¦ 2014 food consumption growth (local currency): +6.4%; compound annual growth rate (CAGR) 2014 to 2018: +4.9%. ¦ 2014 per capita food consumption growth (local currency): +6.1%; CAGR to 2018: +4.7%. ¦ 2014 alcoholic drinks value (local currency) sales: +5.4%; CAGR to 2018: +4.2%. ¦ 2014 total soft drinks value (local currency) sales: +7.2%; CAGR to 2018: +6.2%. ¦ 2014 mass grocery retail (MGR) sales (local currency): +1.6%; compound annual growth rate (CAGR) 2014 to 2018: +1.7%.

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By sector: General drinks

By market: Thailand (in Asia)


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