Retail sector in Thailand - statistics & facts

Thailand is one of the most economically thriving countries in Southeast Asia. With a population of around 70 million as of 2022, Thailand’s streets, especially in Bangkok, are full of prosperous local businesses and well-known modern retailers to satisfy potential consumers. Thailand’s retail industry is constantly evolving and improving to respond to the growing demand from consumers where convenience seems to be the key. The wholesale and retail sector, with the vehicle maintenance and household goods sector, contributed around 2.7 trillion Thai baht to the GDP in Thailand in recent years. This was a good indication of the GDP contribution the retail sector in Thailand has to offer. Given the economic repercussions of the COVID-19 pandemic, retail businesses in Thailand are still recovering.

Major retail segments in Thailand

Various segments are contributing to Thailand’s retail market. The food and beverage industry is undoubtedly one of the biggest retail segments in Thailand. The sales value of retail businesses within the food service sector was forecast to increase over the next few years. Other crucial retail segments, such as electronics and appliances, also support the growth of the retail sector in Thailand. Thai people are keen on new technologies and trendy gadgets. Amid the COVID-19 pandemic when being economical was crucial, electronics were still in high demand among Thai consumers. Some consumers even expected to spend more on electronics in 2023.

The shift from traditional trade to modern trade

As the demand for products increased, Thai consumers changed the way they purchased products. Traditional trading at markets and small independent businesses were being replaced with modern trading to satisfy the needs of consumers. Types of modern retailers in Thailand include provision stores, convenience stores, supermarkets, hypermarkets, and discount markets. These modern retailers can be seen and are accessible all over Thailand. In 2022, provision stores held the largest share of FMCG distributing channels in the country. Although modern trade has become a preferred channel for retailers, e-commerce platforms have continued to grow in popularity among both sellers and buyers of consumer goods in Thailand. The rise in online shopping stemmed from the restrictions to buy from brick-and-mortar retails during the coronavirus pandemic.

CP All: a key player in the retail sector in Thailand

The retail sector in Thailand is highly competitive and numerous companies compete for a piece of the market. The biggest player in the retail sector in Thailand is CP All Public Company Limited, generating a sales revenue of more than 224 billion Thai baht in 2022. CP All is the owner of the most distributed and well-known convenience store in Thailand, 7-Eleven, which accounts for the majority of convenience stores in Thailand. The total number of 7 Eleven outlets in Thailand amounted to over 13 thousand in 2021.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Jul 10, 2023

Key insights

Forecast sales value of retail sector in Thailand
127.2bn USD
Value of wholesale and retail sales in Thailand
447bn THB
Growth rate of retail sales in Thailand
0.5%
Get more insights

Editor’s Picks Current statistics on this topic

Value of wholesale and retail sales in Thailand from 2012 to 3rd quarter 2022 (in billion Thai baht)

Retail & Trade

Wholesale and retail sales value Thailand 2012-Q3 2022

Number of 7-Eleven in Thailand from 2016 to 2022 (in 1,000s)

Malls & Shopping Centers

Number of 7-Eleven branches Thailand 2016-2022

Annual growth of modern retail business in Thailand from 2013 to 2022

Retail & Trade

Retail business growth Thailand 2013-2022

Related topics

Recommended

4

Recommended statistics

Overview

4

Overview

Key indices

5

Key indices

Retail growth

5

Retail growth

Modern retail

5

Modern retail

Leading retailers

6

Leading retailers

E-commerce and online retail

4

E-commerce and online retail

Consumer perspectives

6

Consumer perspectives

Further reportsGet the best reports to understand your industry

Retail in China
Retail in China
Retail in Germany
Retail in Germany
Retail sector in Vietnam
Retail sector in Vietnam
Retail sector in the Middle East and North Africa
Retail sector in the Middle East and North Africa
Retail sector in the United Arab Emirates
Retail sector in the United Arab Emirates
Food retail in the Asia-Pacific region
Food retail in the Asia-Pacific region

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)
Email
support@statista.com

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)
Email
asia.support@statista.com

Mon - Fri, 9am - 5pm (SGT)

Contact Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contact (Asia)
Email
support.japan@statista.com

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)
Email
eu.support@statista.com

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)
Email
latam@statista.com

Mon - Fri, 9am - 6pm (EST)

Menu