| Product Code: ETC433341 | Publication Date: Oct 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Thailand import trend in the retail and wholesale market experienced a notable decline from 2023 to 2024, with a negative growth rate of -39.38%. However, the compound annual growth rate (CAGR) for the period from 2020 to 2024 stood at 12.15%. This sharp decline in import momentum can be attributed to shifting demand patterns or changes in trade policies impacting market stability.
Thailand retail and wholesale market is a dynamic and rapidly evolving sector. With a growing middle class and urbanization, consumer preferences have shifted towards modern retail formats, including shopping malls and online stores. Traditional markets, however, still hold significance, offering a wide variety of local products and cultural experiences. E-commerce has witnessed substantial growth, with both domestic and international players vying for market share. This competitive landscape has led to innovations in supply chain management, payment solutions, and customer experiences, making Thailand retail and wholesale market vibrant and highly adaptable.
The retail and wholesale market in Thailand is driven by a combination of factors, including a steadily growing middle class, urbanization, and changing consumer preferences. Thailand expanding economy has increased consumer spending power, driving demand for a wide range of products and services. E-commerce and digital platforms have also played a pivotal role in the sector`s growth, offering convenience and access to a broader customer base. Government policies aimed at promoting trade and commerce further stimulate the retail and wholesale sector.
The Thailand retail and wholesale market encounters several challenges, primarily driven by changing consumer behavior and competition from e-commerce. Traditional retailers must adapt to the digital age and invest in online presence and logistics to stay relevant. They also face the challenge of managing inventory efficiently to minimize waste and losses. Additionally, competition from international retailers and marketplaces can put pressure on local businesses. Moreover, fluctuating economic conditions and consumer purchasing power can impact demand. Lastly, the retail sector needs to address sustainability concerns, including reducing plastic usage and adopting eco-friendly practices.
The Thailand retail and wholesale market witnessed significant changes in consumer behavior during the COVID-19 pandemic. Physical retail stores faced challenges due to restrictions and reduced foot traffic, leading to a shift towards online shopping. E-commerce platforms and retailers offering home delivery services saw substantial growth, while traditional brick-and-mortar retailers adapted by enhancing their online presence.
Retail and wholesale businesses in Thailand are diverse, with prominent players like CP All Public Company Limited and Central Retail Corporation Public Company Limited.