Industry Horizon (April 2023)

Industry Horizon (April 2023)

25 April 2023

 

 

Cassava: High prices remain on strong demand and high cost of fertilizer with investment focusing on the transition to low-carbon production.


 

 

Sugar and molasses: Overall outputs should rise to meet stronger demand, while investment in environmentally friendly downstream industries will increase.



 

Chilled, Frozen and Processed Chicken Industry: Yields will increase on price incentives, and strengthening demand, with increased investment to improve environmental standards and strengthen supply chain integration. 



 

Chilled, Frozen and Processed Seafood Industry: Strong competition on price, worsening access to inputs, and the higher cost of raw materials are dragging business performance; Players will need to invest for sustainable sources of inputs.



 

 

Automobile: Despite periodic chip shortages, output is expected to rise with an acceleration of investment in BEV, urged by government’s supporting programs.



 

 

Integrated circuit (IC): Chip shortages will persist through 2023, and despite increasing supply towards the end of the year, growth in export value will be only limited in 2023.



 

 

Digital services and software: Investment will accelerate in cloud computing to serve growing demand for platform-based services, supporting a strong revenue growth.




 

Medical Devices: The government’s plan to establish Thailand as a medical hub will help to support ongoing growth in income and investment.



 

Refinery: The industry is benefiting from recovery in domestic economic activity, particularly the rebound in tourism sector, and increased investment in clean energy.



 

Petrochemical: Growth will move in step with recovery of domestic economy and with investment to serve related industries.



 

Power Generation: Government policy and incentives will encourage operators to increase investment in clean energy.



 

 

Housing (BMR): Demand will slowly strengthen, and developers will continue to invest in new projects as they look to meet future improvements in the market. 



 

Retail Space (BMR): Operators will continue to invest in new projects to meet anticipated future demand especially from the rapid rebound in tourism sector.



 

Warehousing: An acceleration in domestic economic activity will support stronger demand, while operators will expand investment, especially in smart solutions.



 

Construction: Overall outlook is set to improve, with investment increasingly shifting to a greater focus on green building.
 


 

 

Hotel: Occupancy rates rebounding strongly on a surge in demand from overseas visitors, supporting an expansion in investment especially towards green hotels for sustainable growth



 

Private Hospital: Income will return to its pre-COVID-19 level and this will then support an expansion in investment to meet future demand. 


 

Air passenger services: With demand recovering strongly, operators will lay on more flights and open up new lines.





 

CBAM is expected to have limited impacts on Thai industry during the transition period; Yet, businesses and policymakers need to be well prepared.




 
 
ประกาศวันที่ :25 April 2023
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