Thailand’s consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and AV products, is projected at around US$6.8bn in 2010. This expected to increase at a compound annual growth rate (CAGR) of about 13% to US$10.9bn by 2014, driven by the growing affordability and popularity of flat-screen TV sets, low-cost smartphones and other digital lifestyle products.
In 2009, economic and political uncertainty affected demand for some consumer electronics products and encouraged retailers to cut prices to stimulate sales. The government’s stimulus package, which boosted the spending power of rural residents, helped the consumer electronics market overall. The more stable political situation as of H209 and a major PC procurement programme for schools were forecast to drive faster growth in the second half of the year.
Computers accounted for around 51% of Thai Market
Computer hardware accounted for around 51% of Thai consumer electronics spending in 2009. BMI forecasts Thai domestic market computer sales (including notebooks and accessories) of US$3.4bn in 2010. The computer hardware CAGR for the 2010-2014 period is forecast at about 4%, in the context of a currently low PC penetration rate of about 14% and which is expected to pass 23% by 2014. Drivers will include growing affordability of notebooks, wireless networking capabilities and government programmes.
In October 2009, the government launched a computer procurement programme for education.
Audio Video Devices accounted for around 31% of Thailand’s consumer electronics spending
AV devices accounted for around 31% of Thailand’s consumer electronics spending in 2009. The Thai domestic AV device market is projected to be worth US$2.5bn in 2010. The market is expected to grow at a CAGR of 23 % between 2010 and 2014, to a value of US$5.8bn in that year. In 2009, vendors were driving growth through new product releases in the premium TV set product category, while overall TV set sales were down and digital camera sales dipped about 10% compared with the previous year.
Mobile handset sales accounted for around 14 % of Thai consumer electronics spending in 2009. Thai market handset sales are expected to grow at a CAGR of around 3% to 10.4mn units in 2014, as mobile subscriber penetration reaches 152%. Sales will be dominated by lower-priced mass market phones. The launch of 3G services remains delayed due to bureaucracy and political wrangling.
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.(more…)
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
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