Thailand Food and Drink Report Q3 2009
Published By: Business Monitor International
June 2009
R302-6656
Online Download $495.00
Description
The Thai economy will be significantly affected by the global economic slowdown, with demand for Thaiexports all but seizing up and the tourism sector taking a particularly hard blow. In light of this BMI hasrevised down its economic growth forecast for Thailand in 2009 from 1% to -2.5%. This slowdown - andits impact on consumer confidence - is in turn likely to have a knock on effect on the country’s food,drink and mass grocery retail sectors.
However, despite the gloomy outlook, Q309 has seen Thailand on the receiving end of internationalinvestment from both Japan and China. Japanese seasonings giant Ajinomoto and compatriot processedmeat producer Itoham Foods unveiled plans this quarter for a new joint venture company in Thailand inorder to market processed meat products in the country. Meanwhile, leading Chinese brewer Tsingtaoannounced plans to invest THB2bn (US$56.4mn) in a Thai brewery.
Moving to the food-processing sector some companies are remaining optimistic despite the prevailingeconomic conditions. Examples of such companies include Thai Union Frozen Products (TUF) who inMarch announced ambitious targets for FY09 expecting both revenue and net profit to climb by 10-12%,and Thailand-based leading chicken exporter Charoen Pokphand Foods (CP Foods) who in the samemonth announced that it also expected its 2009 sales to increase following strong results for FY08 -revenue increased 16% y-o-y and net profit was up 145% y-o-y. However, Thai President Foods doesnot share their confidence and announced in Q2 that it had revised its sales growth target for FY09 downfrom 9% to 5%. Elsewhere, in the drinks sector, Oishi Group is feeling cautious announcing that it isconsidering scrapping plans for its new THB1.4bn (US$39.7mn) production facility. The main driver forthis decision being concern over the impact that a proposed beverage tax increase would have on salesamid the economic downturn.
Turning to the mass grocery retail sector, Q2 saw Thailand-based convenience retailer Sun 108 announceits intention to open a further 200 stores in 2009. With convenience store sales forecast to increase by14.9% in the year, this move is not surprising. Leading retailers Tesco Lotus and CP All re-iterated againthis quarter their intentions to proceed with expansion plans despite the dismal economic conditions.Activity this quarter underlines the fact that Thailand is still an attractive investment opportunity despitethe current economic situation.
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Table of Contents
- Executive Summary
- SWOT Analysis
- Thailand Food Industry SWOT
- Thailand Drink Industry SWOT
- Thailand Mass Grocery Retail Industry SWOT
- Business Environment
- Asia Pacific Food & Drink Business Environment Ratings
- Asia Pacific Food & Drink Business Environment Ratings Q3 2009
- Thailand Food & Drink Business Environment Rating
- Macroeconomic Outlook
- Table: Thailand - Economic Activity
- Food
- Industry Forecast Scenario
- Food Consumption
- Table: Food Consumption Indicators - Historical Data & Forecasts, 2005-2013
- Canned Food
- Confectionery
- Instant Noodles
- Table: Value/Volume Sales of Selected Food Sub-Sectors - Historical Data & Forecasts
- Trade
- Thailand Food & Drink Trade Indicators (US$mn) - Historical Data & Forecasts
- Industry Developments
- Market Overview
- Agriculture
- Organics
- Food Processing
- Trade
- Dairy
- Drink
- Industry Forecast Scenario
- Alcoholic Drinks
- Table: Thailand Beverage Sub-Sectors - Value Sales Historical Data & Forecasts, 2005-2013
- Soft Drinks
- Table: Thailand Beverage Sub-Sectors - Value Sales Historical Data & Forecasts, 2005-2013
- Industry Developments
- Market Overview
- Alcoholic Drinks
- Soft Drinks
- Mass Grocery Retail
- Industry Forecast Scenario
- Table: Thailand MGR Sales Value by Format (US$bn) - Historical Data & Forecasts, 2005-2013
- Thailand Grocery Retail Sales by Format - Historical Data & Forecasts
- Industry Developments
- Market Overview
- Structure of Thailand's Mass Grocery Retail Market by Estimated Number of Outlets
- Structure of Thailand's Mass Grocery Retail Market - Sales Value by Format (US$bn), 2001-2008
- Thailand Average Sales per Outlet by Format (US$mn) - 2007
- Competitive Landscape
- Key Players
- Food and Drink
- Key Players in Thailand's Food & Drink Sector, 2008
- Mass Grocery Retail
- Key Players in Thailand’s Mass Grocery Retail Sector, 2008
- Company Analysis
- Food
- Chokchai
- Charoen Pokphand Foods (CPF)
- Thai President Foods
- Drink
- Thai Beverages Plc (ThaiBev)
- Thai Asia Pacific Brewery (Thai APB)
- Singha Corporation (formerly Boon Rawd Brewery)
- Mass Grocery Retail
- CP All Ltd
- Carrefour
- Siam FamilyMart
- Tesco Lotus
- Central Food Retail Company Ltd (CFR)
- Appendix
- Commodity Price Forecasts
- Corn
- Table: Corn, 2005-2010
- Soybean
- Table: Soybean, 2005-2010
- Rice
- Table: Rice, 2005-2010
- Wheat
- Table: Wheat, 2005-2010
- Cocoa
- Table: Cocoa, 2005-2010
- Coffee
- Table: Coffee, 2005-2010
- Milk
- Table: Milk, 2005-2010
- Sugar
- Table: Sugar, 2005-2010
- Country Snapshot: Thailand Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Average Annual Non-Agricultural Wages, 2001-2012
- Food & Drink Business Environment Ratings
- Ratings Methodology
- Ratings Overview
- Ratings System
- Indicators
- Limits Of Potential Returns
- Risks To Realisation Of Potential Returns
- Weighting
- Weighting
- BMI Food & Drink Industry Glossary
- Food & Drink
- Mass Grocery Retail
- BMI Food & Drink Forecasting & Sourcing
- How We Generate Our Industry Forecasts
- Sourcing
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