Amazing Thailand

Thailand is one of the top developing nations in Southeast Asia.

Let us not forget that Thailand is one of the top developing nations in Southeast Asia and is expected to be one of the crucial product development and marketing engines in the region. Thailand has prospered over the past ten years and a recent military coup and shaky political situation do not seem to have impacted its growth.

Investment potential 

Thailand’s pro-investment policies, business-friendly economy and strong infrastructure make it a perfect candidate for continued investment inflows.
Thailand boasts a flourishing economy that is set to continue to prosper as the country signs a growing number of bilateral trade agreements with other nations.

The appreciation and stability of the Baht in 2006 led to an increase in imported food products from the UK. The demand for imported processed food and raw materials used for re-processing and re-exporting has also increased.

Thai Consumers experimenting with new products

Thailand’s citizens are enjoying a rising per capita income as their economy continues to grow. Thai consumer’s developing tastes and trends have led to a growth in convenience foods, such as snack food and packaged food. Increasing health awareness has led to a growth in natural, organic and light products.

On average, Thai households spend roughly 35% of their total income on food and beverage consumption; the total value of food and beverage expenditure in Thailand is expected to grow by an average of 7% a year.

Opportunities for UK food and drink suppliers in both retail and foodservice

Modern retailing accounts for approximately 63% of total retail sales and is growing.  The leading modern retailers are Tesco, Big C (Casino), Carrefour and Tops. These retailers, especially the larger firms, represent excellent opportunities for UK food and drink exporters.

With the number of tourists, single person households and baby boomers on the rise, the demand for eating out has also intensified resulting in a growing foodservice industry.