Thailand Disposable Income data was reported at 7,931,560.000 THB mn in 2016. This records an increase from the previous number of 7,555,082.000 THB mn for 2015. Thailand Disposable Income data is updated yearly, averaging 3,781,587.000 THB mn from Dec 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 7,931,560.000 THB mn in 2016 and a record low of 1,449,242.000 THB mn in 1990. Thailand Disposable Income data remains active status in CEIC and is reported by National Economic and Social Development Board. The data is categorized under Global Database’s Thailand – Table TH.A036: SNA1993: GDP: Disposable Personal Income (Annual).

Thailand Disposable Income: Final Consumption Expenditure: Per Capita data was reported at 107,633.000 THB in 2016. This records an increase from the previous number of 104,298.000 THB for 2015. Thailand Disposable Income: Final Consumption Expenditure: Per Capita data is updated yearly, averaging 55,501.000 THB from Dec 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 107,633.000 THB in 2016 and a record low of 21,637.000 THB in 1990. Thailand Disposable Income: Final Consumption Expenditure: Per Capita data remains active status in CEIC and is reported by National Economic and Social Development Board. The data is categorized under Global Database’s Thailand – Table TH.A036: SNA1993: GDP: Disposable Personal Income (Annual).

In 2023, the average monthly income per household in Thailand was highest in Bangkok and the greater Bangkok area, which amounted to approximately ****** Thai baht. In that year, the average monthly income per household across Thailand was over ****** Thai baht. Bangkok is the main urban hub in Thailand, with the highest population density compared to other regions in the country.  Income inequality and the migration of workers within the country Income inequality in Thailand is among the highest in Southeast Asia, and particularly high in northeast Thailand. As a result of this factor, people are constantly moving to Bangkok and its vicinity, as well as the Eastern Region with its industries, for better job opportunities and higher wages. In 2023, the number of registered domestic migrations in the country amounted to almost *************. Despite the inequality of income in the country, Thailand has almost no unemployment at all. The employment rate in Thailand has remained steady in the past decade, with less than *** percent of the total population unemployed. Monthly household expenses in Thailand In recent years the disposable incomes of many Thai households have taken a hit. In 2023, the average monthly expenditure per household in Thailand was around ****** Thai baht per month. The monthly household expenditure varies across different regions, with Bangkok and the greater Bangkok area generally having higher expenses compared to other regions in the country. The largest portion of household expenditures are mainly used for food, followed by housing, transportation, and personal expenses. At the same time, Thailand’s household debt has been increasing constantly, reaching more than *********** Thai baht in 2023.

Thailand Disposable Income: Saving data was reported at 805,664.000 THB mn in 2016. This records an increase from the previous number of 677,348.000 THB mn for 2015. Thailand Disposable Income: Saving data is updated yearly, averaging 345,070.000 THB mn from Dec 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 805,664.000 THB mn in 2016 and a record low of 193,377.000 THB mn in 2001. Thailand Disposable Income: Saving data remains active status in CEIC and is reported by National Economic and Social Development Board. The data is categorized under Global Database’s Thailand – Table TH.A036: SNA1993: GDP: Disposable Personal Income (Annual).

Thailand Disposable Income: Saving: Per Capita data was reported at 11,944.000 THB in 2016. This records an increase from the previous number of 10,074.000 THB for 2015. Thailand Disposable Income: Saving: Per Capita data is updated yearly, averaging 5,835.000 THB from Dec 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 11,944.000 THB in 2016 and a record low of 3,089.000 THB in 2001. Thailand Disposable Income: Saving: Per Capita data remains active status in CEIC and is reported by National Economic and Social Development Board. The data is categorized under Global Database’s Thailand – Table TH.A036: SNA1993: GDP: Disposable Personal Income (Annual).

Thailand Disposable Income: Adjustment for Change the Pension Entitlements data was reported at 134,513.000 THB mn in 2016. This records a decrease from the previous number of 134,830.000 THB mn for 2015. Thailand Disposable Income: Adjustment for Change the Pension Entitlements data is updated yearly, averaging 43,821.000 THB mn from Dec 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 134,830.000 THB mn in 2015 and a record low of -33.000 THB mn in 1998. Thailand Disposable Income: Adjustment for Change the Pension Entitlements data remains active status in CEIC and is reported by National Economic and Social Development Board. The data is categorized under Global Database’s Thailand – Table TH.A036: SNA1993: GDP: Disposable Personal Income (Annual).

Thailand Disposable Income: Final Consumption Expenditure data was reported at 7,260,409.000 THB mn in 2016. This records an increase from the previous number of 7,012,564.000 THB mn for 2015. Thailand Disposable Income: Final Consumption Expenditure data is updated yearly, averaging 3,514,398.000 THB mn from Dec 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 7,260,409.000 THB mn in 2016 and a record low of 1,208,165.000 THB mn in 1990. Thailand Disposable Income: Final Consumption Expenditure data remains active status in CEIC and is reported by National Economic and Social Development Board. The data is categorized under Global Database’s Thailand – Table TH.A036: SNA1993: GDP: Disposable Personal Income (Annual).

Key information about Thailand Household Income per Capita

• Thailand Annual Household Income per Capita reached 3,756.344 USD in Dec 2023, compared with the previous value of 3,728.753 USD in Dec 2021.
• Thailand Annual Household Income per Capita data is updated yearly, available from Dec 1981 to Dec 2023, with an averaged value of 1,091.201 USD.
• The data reached an all-time high of 3,756.344 USD in Dec 2023 and a record low of 384.846 USD in Dec 1986.
• In the latest reports, Retail Sales of Thailand grew 0.336 % YoY in Apr 2023.

CEIC calculates Annual Household Income per Capita from Monthly Average Household Income per Capita multiplied by 12 and converts it into USD. National Statistical Office provides Average Household Income per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

In Thailand Food Storage Market, Increased disposable income enables consumers to invest in premium and innovative storage products.

Thailand Disposable Income: Consumption of Fixed Capital data was reported at 234,450.000 THB mn in 2023. This records an increase from the previous number of 231,588.000 THB mn for 2022. Thailand Disposable Income: Consumption of Fixed Capital data is updated yearly, averaging 0.000 THB mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 234,450.000 THB mn in 2023 and a record low of 0.000 THB mn in 2007. Thailand Disposable Income: Consumption of Fixed Capital data remains active status in CEIC and is reported by Office of the National Economic and Social Development Council. The data is categorized under Global Database’s Thailand – Table TH.A035: SNA1993: GDP: Disposable Personal Income (Annual).

Thailand Paper Diaper Market is expected to witness robust growth during the forecast period, driven by factors such as the rising birth rate, increasing disposable income, and technological advancements in diaper design.

The Thailand Travel Retail Market size was valued at USD 7.50 Billion in 2024 and is projected to reach USD 17.02 Billion by 2032, growing at a CAGR of 8.3% from 2025 to 2032.Thailand Travel Retail Market DynamicsThe key market dynamics that are shaping the Thailand travel retail market include:Key Market Drivers:Tourism and Travel Boom: Thailand's status as a top tourist destination in Southeast Asia has considerably boosted the country's travel retail sector. The surge of international travelers, mainly from China, Japan, and other nearby nations, drives up demand for travel-related products. Airports, in particular, experience high foot traffic from tourists looking for duty-free merchandise, luxury items, and local souvenirs.Growing Disposable Income: As Thailand's economy expands, particularly among its middle and upper incomes, consumer purchasing power rises. This increased discretionary income enables both local and international tourists to spend more on luxury items and high-end products accessible at travel retail establishments.

The Thai retail market, valued at approximately [Estimate based on provided CAGR and market size. For example: 150 Billion USD in 2025], exhibits robust growth, exceeding a 5.5% CAGR (2025-2033). This expansion is fueled by several key drivers: a rising middle class with increased disposable income, escalating e-commerce adoption mirroring global trends, and a burgeoning tourism sector contributing significantly to consumer spending. The market is segmented across diverse product categories, with Food and Beverage, Personal & Household Care, and Apparel consistently strong performers. Distribution channels are similarly diversified, encompassing supermarkets, specialty stores, and a rapidly growing online segment, reflecting shifting consumer preferences towards convenience and digital engagement. Key players like CP ALL PCL (7-Eleven), The Mall Group, Tesco Lotus, and Central Group (Big C, Robinson, FamilyMart) dominate the landscape, while international giants like Unilever and Procter & Gamble maintain significant market share. However, increasing competition from both established players and emerging e-commerce platforms presents ongoing challenges. Government regulations impacting trade and consumer protection also pose potential restraints. Future growth hinges on effectively navigating these challenges through strategic investments in digital infrastructure, robust supply chain management, and a keen understanding of evolving consumer demands. The competitive landscape is characterized by both intense rivalry among established players and the emergence of disruptive online retailers. Successful companies are adapting to the changing dynamics by integrating omnichannel strategies, focusing on customer experience, and leveraging data analytics to personalize offerings. The geographical distribution of retail activity is concentrated in urban centers, with Bangkok representing a major hub. However, expansion into secondary and tertiary cities presents significant growth opportunities. The forecast period (2025-2033) anticipates sustained growth, driven by factors including expanding infrastructure, rising urbanization, and sustained economic development. Nevertheless, potential headwinds such as economic volatility and geopolitical factors warrant close monitoring. A thorough understanding of these market dynamics is crucial for informed strategic decision-making within the Thai retail sector. Recent developments include: August 2020 - Tesco Lotus partnered with DHL Supply Chain Thailand. This partnership will see DHL Supply Chain manage Tesco Lotus's warehouse operations in Surat Thani, a 51,500 square meters (sqm) facility that houses its inventory of groceries that cater to consumers in Southern Thailand. The DHL team will handle the inbound and outbound activities, inventory management, and temperature-optimal storage of fresh and frozen food products.. Notable trends are: Growth of the Tourism Industry in Thailand is Driving the Market.

The Thailand Retail Market size was valued at USD 88.53 Billion in 2023 and is projected to reach USD 143.50 Billion by 2031, growing at a CAGR of 6.2% from 2024 to 2031.• Rising Middle-Class Income and Urbanization: The Thailand retail market is being significantly driven by the growing middle class, with disposable income rising steadily. According to the National Economic and Social Development Council (NESDC), Thailand's middle class is expected to account for over 50% of the population by 2025. The demand for retail goods is rising as more people move into cities due to urbanization. The increasing need for convenience is another factor contributing to this change, which is driving up expenditures in retail infrastructure, especially in large cities like Bangkok, which is home to about 10 million people.• E-commerce Boom: Thailand's e-commerce market has experienced explosive growth, spurred by high internet penetration and smartphone usage. The Digital 2023- Thailand reports that internet users in Thailand grew to over 80% of the population by 2023, with online retail sales estimated to surpass THB 100 billion in 2024.

Thailand Car Finance & Leasing Market valued at USD 15 Bn, driven by rising demand for vehicles, favorable financing, and EV incentives. Growth fueled by urbanization and disposable income.

(Source: TraceData Research Analysis) Future Outlook and Projections for Thailand Consumer Appliances Market Based on Sales Revenue in THB, 2024-2029 The Thailand consumer appliances market is projected to grow steadily by 2029, exhibiting a respectable CAGR during the forecast period. This growth is expected to be driven by increased urbanization, rising disposable income, and growing consumer demand for energy-efficient and smart home products.

The prefabricated house market in Thailand is projected to reach a value of XX million by 2033, expanding at a CAGR of 5.00%. The increasing urbanization, rising disposable income, and growing demand for affordable housing are key drivers of the market's growth. Additionally, the government's supportive policies and initiatives to promote sustainable and innovative construction methods further contribute to the market's expansion. The residential segment is expected to dominate the market, owing to the rising demand for affordable and customizable housing solutions. The commercial segment is also anticipated to grow significantly due to the increasing construction of prefabricated offices, schools, and other commercial buildings. Major players in the market include Siam Steel, LifesBox Modular, Thai Isowall Company Limited, and Kirby Building Systems. The market is highly competitive, with a diverse range of local and international manufacturers offering various prefabricated house designs and solutions. Recent developments include: June 2022: Naval Facilities Engineering Systems Command (NAVFAC) Pacific Resident Officer in Charge of Construction (ROICC) Thailand completed construction of an Unmanned Aerial System (UAS) Operations Support Facility on June 9 at U-Tapao Royal Thai Navy Airfield in Thailand. ROICC Thailand awarded a 100-day construction contract to a local Thai company to provide a 1,600 square feet two-story facility with a control room, maintenance room, and storage for the launch and retrieval equipment. The prefabricated facility was assembled on-site in record time., March 2021: Panasonic chose Thailand as the first country in the region to offer modular construction housing by partnering with Siam Steel International, Thailand's leading manufacturer of steel products and building materials. The company is providing two types of houses, producing and selling six models measuring 200 square meters, 250 sq m, and 370 sq m, while the price is set at THB 35,000 (USD 1068) per sq m. Panasonic wants to develop mid-priced housing projects at THB 5-10 (USD 0.15-0.31) million per unit.. Key drivers for this market are: Increasing number of startups. Potential restraints include: Low Awareness and Privacy Issues. Notable trends are: Construction Investment to Drive the Market Growth.

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The watch market share in Thailand is expected to increase by USD 199.32 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.54%.

This watch market research report of Thailand provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers watch market segmentation in Thailand by end-user (men and women) and distribution channel (offline and online). The watch market report of Thailand also offers information on several market vendors, including Apple Inc., CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., Epos Uhren AG, Longines Watch Co. Francillon Ltd., OMEGA SA., PVH Corp., Rado Watch Co Ltd, Time Zone Co. Ltd., and UNDONE among others.

What will the Watch Market Size in Thailand be During the Forecast Period?

Download the Free Report Sample to Unlock the Watch Market Size in Thailand for the Forecast Period and Other Important Statistics

Watch Market in Thailand: Key Drivers and Challenges

The rising demand for premium watches is notably driving the watch market growth in Thailand, although factors such as the presence of counterfeit products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the watch industry in Thailand. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Watch Market Driver in Thailand

Customers prefer watches with premium designs. To meet such evolving customer needs, vendors continuously innovate their product ranges and expand their product lines. Vendors are continuously introducing watches with premium finish by using different raw materials, such as magnesium, polyether ether ketone (PEEK), ceramic, ceramic matrix composite (CMC), ferrite, and carbon fiber. The use of such raw materials leads to product premiumization. The rising purchasing power and the increasing disposable income of customers are resulting in a growth in their spending on fashion accessories. This is propelling the demand for premium fashion accessories and supporting the growth of the watch market in Thailand. Premium watches are priced higher than regular watches. The upgrading fashion quo and lifestyle are also augmenting the demand for premium watches. Therefore, the increasing product premiumization, coupled with the growing customer spending on fashion accessories, would drive the value sales in the watch market in Thailand during the forecast period.

Key Watch Market Challenge in Thailand

Counterfeit products invade the intellectual property rights of established brands by selling products with trademarks, brand names, and logos similar to those of original brands. The huge fan base and premium price of the products of established brands encourage counterfeit providers to offer duplicate products at lower prices. The growing demand for watches widens the opportunities for counterfeit products in the market in Thailand. Vendors face difficulties in competing and taking legal action against the manufacturers of counterfeit products. Counterfeit products of different brands affect the business of genuine vendors in terms of revenue and the goodwill of their brands. The market for counterfeit products is growing rapidly, mainly led by the low production cost and high profit margins associated with them. The major market for counterfeit products is APAC due to the weak regulations and lack of standards in the region. Thus, the sales of counterfeit watches are inhibiting the growth of the watch market in Thailand.

This watch market analysis report of Thailand also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Watch Market Vendors in Thailand?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

Apple Inc.
CASIO Computer Co. Ltd.
Citizen Watch Co. Ltd.
Epos Uhren AG
Longines Watch Co. Francillon Ltd.
OMEGA SA.
PVH Corp.
Rado Watch Co Ltd
Time Zone Co. Ltd.
UNDONE

This statistical study of the watch market in Thailand encompasses successful business strategies deployed by the key vendors. The watch market in Thailand is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The watch market forecast report of Thailand offer

Thailand Income Payable: Secondary: Other Current Transfer data was reported at 110,657.000 THB mn in 2016. This records an increase from the previous number of 99,091.000 THB mn for 2015. Thailand Income Payable: Secondary: Other Current Transfer data is updated yearly, averaging 18,897.000 THB mn from Dec 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 113,711.000 THB mn in 2010 and a record low of 3,688.000 THB mn in 1990. Thailand Income Payable: Secondary: Other Current Transfer data remains active status in CEIC and is reported by National Economic and Social Development Board. The data is categorized under Global Database’s Thailand – Table TH.A036: SNA1993: GDP: Disposable Personal Income (Annual).

Thailand Income Payable: Secondary: Other Current Transfer: Rest of the World data was reported at 89,955.000 THB mn in 2016. This records an increase from the previous number of 87,609.000 THB mn for 2015. Thailand Income Payable: Secondary: Other Current Transfer: Rest of the World data is updated yearly, averaging 17,214.000 THB mn from Dec 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 89,955.000 THB mn in 2016 and a record low of 2,790.000 THB mn in 1990. Thailand Income Payable: Secondary: Other Current Transfer: Rest of the World data remains active status in CEIC and is reported by National Economic and Social Development Board. The data is categorized under Global Database’s Thailand – Table TH.A036: SNA1993: GDP: Disposable Personal Income (Annual).