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Second Half...Expand Continuously
The trend of Thai food industry in the second half
of the year (July to December 2018) is expected
to grow continuously and expand larger than the
first half of the year, while manufacturing and
consumption are expected to grow in a lower rate
compare to the first half of the year. Shipment in
the second half of the year is projected to worth
THB562.15 billion or US$17.15 billion, an
increase by 8.6 percent and 9.8 percent in term
of baht and US dollar, respectively.
An overall outlook on Thai food industry in
2018, export is expected to worth THB1.07 trillion
or value US$33 billion, which will increase by 5.3
percent, and 10 percent in term of baht and US
dollar, respectively. Products that will grow well
in term of US dollar are such as rice, chicken,
canned-tuna, ready-to-eat food, tapioca starch,
seasoning, and coconut products, whereas export
of shrimp, sugar, and pine-apple are expected to
decrease. In the first half of the year, the industry organizations will collaborate to support the grow of those products shipments, while will
has been pressured by the baht appreciation, also enhance competency of ready-to-eat food products, especially SMEs to upgrade
while in the second half of the year the their production to meet export standard, accelerate a development of new processed
manufacturing and consumption sectors will be agricultural products by adopting technology and innovation for adding value for the
pressured from rising price of commodities amidst products, support the marketing in both domestic and overseas markets in an offline
relieving of baht appreciation in the second half. platform by creating a business matching, and an online platform via an E-Commerce
Positive factors to support the growth of Thai channel etc.
food industry are included 1) Economy of trading
partner countries are trending to recover
continuously. The International Monetary Fund
(IMF) has revised up its projection on the global
GDP to grow by 3.9 percent this year from a
previous projection at 3.5 percent 2) adequate
supply of Thai agricultural products for supporting
the processing’s demand and 3) the government
has a policy to actively support Thai shipment and
has measures to increase trading channels and
opportunities to various markets. The risk factors
in the second half are 1) uncertainty politic
situation in the global 2) fluctuation of baht, baht
has continued its strengthen since 2016, which
has caused a loss of more than THB 80 billion on
Thai food export 3) higher production cost from
rising minimum wages as well as higher cost of
fuel and 4) rising labour shortage problem.
Export Products That are Expected
to Grow
Milk and dairy products currently, export of the
products is worth THB7.5 billion, or grow by an
average of more than 10 percent per year
(average in the past 3 years). Sweet biscuit with
export value THB4.4 billion (+15% a year)
Supplements and vitamins THB4 billion (+10% a
year) Ice-cream THB2.5 billion (15% a year), herb
extracts THB1.2 billion (+40% a year). The major
export markets are mostly in CLMV countries,
Hong Kong, Japan, the United States, China,
Taiwan, India, the EU and etc. The three

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