Sourcing Opportunities in Thiland

1
Sourcing Opportunities inThailand
Jul, 2016
2
Table of Contents

• Executive Summary
• Thailand Macro Economics
• Industrial Machinery
• Electrical, Electronic Equipment
• Automobiles
• Rubber Rubber Products
• Plastics Plastic Products
• Mineral Fuels
• Precious Metals
• Processed Fish Meat
• Organic Chemicals
• Cereals
• Medical Optical Apparatus
• Iron Steel Products
• Sugar
• Wood Wood Products
• Fresh or Frozen Fish Crustaceans

2
3
Executive Summary Top Export Categories (1/2)
Category HS Code Top Products 2014 Export Value in USD Billion CAGR of Exports Value (5 years) Thailands share of Global Exports (2014) Top Export Destinations Import Duty into US Import Duty into EU Export Duty
Electronic Machinery HS 84 series Automatic data processing machines, optical readers. 12.1 -1.46 2 USA, Japan, China, Malaysia, Netherlands 0 (central heating boilers parts) - 6.7 (steam turbines) 0 (portable automatic data-processing machines) Nil
Electronic Machinery HS 84 series Industrial air conditioning units 4.6 8 2 USA, Japan, China, Malaysia, Netherlands 0 (central heating boilers parts) - 6.7 (steam turbines) 0 (portable automatic data-processing machines) Nil
Electrical, Equipment HS 85 series Integrated circuits and micro assemblies 7.5 -2 1 USA, Japan, China, Malaysia, Singapore 0 (motors exceeding 75 kW but under 149.2 kW) -6.7 (synchronous motors, valued not over 4 each) 0 (Processors controllers) Nil
Automobiles HS 87 series Trucks transportation vehicles 10.3 20 2 Australia, Indonesia, Philippines, Malaysia, Saudi Arabia 0 (pedestrian controlled tractors) - 6 (steel tubing vehicle parts) 0 (Motor vehicles for the transport of goods) Nil
Automobiles HS 87 series Auto Parts accessories 6.7 14 2 Australia, Indonesia, Philippines, Malaysia, Saudi Arabia 0 (pedestrian controlled tractors) - 6 (steel tubing vehicle parts) 0 (Motor vehicles for the transport of goods) Nil
Automobiles HS 87 series Cars 6.5 -1 2 Australia, Indonesia, Philippines, Malaysia, Saudi Arabia 0 (pedestrian controlled tractors) - 6 (steel tubing vehicle parts) 0 (Motor vehicles for the transport of goods) Nil
Rubber Rubber Products HS 40 series Natural Rubber 6.0 -10 8 China, USA, Malaysia, Japan, Korea 0 (Natural rubber latex) -8 (conveyor belt width exceeding 20 cm) 0 (Natural rubber latex) Nil
Rubber Rubber Products HS 40 series Pneumatic tires of Rubber 3.5 6 8 China, USA, Malaysia, Japan, Korea 0 (Natural rubber latex) -8 (conveyor belt width exceeding 20 cm) 0 (Natural rubber latex) Nil
Plastics Plastic Products HS 39 series Polymers of ethylene in primary form 4.2 20 2 China, Japan, Indonesia, Vietnam, India 0 (Ethylene-vinyl acetate copolymers) - 6.5 (Polyethylene) 0 (Polyethylene having a specific gravity of 0.94 or more) - 6.50 (Linear low-density polyethylene) Nil
Plastics Plastic Products HS 39 series Polyacetal, polyether, epoxide resin, polycarbonate, etc., in primary form 1.9 -2 2 China, Japan, Indonesia, Vietnam, India 0 (Ethylene-vinyl acetate copolymers) - 6.5 (Polyethylene) 0 (Polyethylene having a specific gravity of 0.94 or more) - 6.50 (Linear low-density polyethylene) Nil
Plastics Plastic Products HS 39 series Polymers of propylene, in primary form 1.3 15 2 China, Japan, Indonesia, Vietnam, India 0 (Ethylene-vinyl acetate copolymers) - 6.5 (Polyethylene) 0 (Polyethylene having a specific gravity of 0.94 or more) - 6.50 (Linear low-density polyethylene) Nil
Plastics Plastic Products HS 39 series Plastic packing goods or closures stoppers, lids, caps, closures 1.1 7 2 China, Japan, Indonesia, Vietnam, India 0 (Ethylene-vinyl acetate copolymers) - 6.5 (Polyethylene) 0 (Polyethylene having a specific gravity of 0.94 or more) - 6.50 (Linear low-density polyethylene) Nil
Mineral Fuels HS 27 series Petroleum Oils 9.8 6 0.45 Singapore, Malaysia, China, Lao, Vietnam 0 (coal) - 2.9/kg 12.5 (Phenols) 0 (Light oils and preparations) Nil
Mineral Fuels HS 27 series Oils other products of the distillation like tar 1.2 19 0.45 Singapore, Malaysia, China, Lao, Vietnam 0 (coal) - 2.9/kg 12.5 (Phenols) 0 (Light oils and preparations) Nil
Mineral Fuels HS 27 series Crude Petroleum Oils 0.4 -14 0.45 Singapore, Malaysia, China, Lao, Vietnam 0 (coal) - 2.9/kg 12.5 (Phenols) 0 (Light oils and preparations) Nil
Precious Metals HS 71 series Jewelry 3.8 4 2 China, USA, Switzerland, Germany, Singapore 0 (natural pearls) -11 (Imitation jewelry valued over 33 cents per meter) 2.5 (Silver articles) - 4 (base metal clad with precious metal) Nil
Precious Metals HS 71 series Gold 2.7 -20 2 China, USA, Switzerland, Germany, Singapore 0 (natural pearls) -11 (Imitation jewelry valued over 33 cents per meter) 2.5 (Silver articles) - 4 (base metal clad with precious metal) Nil
Precious Metals HS 71 series Diamonds 1.8 13 2 China, USA, Switzerland, Germany, Singapore 0 (natural pearls) -11 (Imitation jewelry valued over 33 cents per meter) 2.5 (Silver articles) - 4 (base metal clad with precious metal) Nil
Note Export value, CAGR of Export values are
provided for the products and Percentage of
Global exports are provided for the entire
category. Categories have been arranged in the
descending order of highest percentage of
Thailands exports in 2014.
4
Executive Summary Top Export Categories (2/2)
Category HS Code Top Products 2014 Export Value in USD Billion CAGR of Exports Value (5 years) Thailands share of Global Exports (2014) Top Export Destinations Import Duty into US Import Duty into EU Export Duty
Processed Fish Meat HS 16 series Processed Fish 3.0 6 14 Japan, USA, UK, Australia, Canada 0.8/kg (Sausages-Pork) -10 (Fish sticks) 5.50 (Salmon) 24 (Fillets known as 'loins') Nil
Processed Fish Meat HS 16 series Processed Meat 2.1 4 14 Japan, USA, UK, Australia, Canada 0.8/kg (Sausages-Pork) -10 (Fish sticks) 5.50 (Salmon) 24 (Fillets known as 'loins') Nil
Processed Fish Meat HS 16 series Processed Crustaceans molluscs 1.2 -10 14 Japan, USA, UK, Australia, Canada 0.8/kg (Sausages-Pork) -10 (Fish sticks) 5.50 (Salmon) 24 (Fillets known as 'loins') Nil
Organic Chemicals HS 29 series Cyclic hydrocarbons 1.9 14 2 China, India, Singapore, Indonesia, Korea 0 (Acyclic hydrocarbons) - 6.5 (Esters of acrylic acid) 0 (Cyclohexane) Nil
Cereals HS 10 series Rice 5.4 -3 4 Nigeria, Benin, USA, China, Ivory Coast 0 (Rye seed) 11.2 (Semi-milled or wholly milled rice) 0 (Semi-milled or wholly milled rice) - 7.7 (Rice for sowing) Nil
Cereals HS 10 series Maize (Corn) 0.2 16 4 Nigeria, Benin, USA, China, Ivory Coast 0 (Rye seed) 11.2 (Semi-milled or wholly milled rice) 0 (Semi-milled or wholly milled rice) - 7.7 (Rice for sowing) Nil
Medical Optical Apparatus HS 90 series Optical Fiber Cables 0.9 0 1 USA, Japan, China, Germany, Singapore 0 (Lenses accessories) - 6.7 (Optical fibers, optical fiber bundles and cables) 0 (Lenses used in civil aircraft) -2.90 (Image conductor cables) Nil
Medical Optical Apparatus HS 90 series Liquid Crystal Devices 0.6 31 1 USA, Japan, China, Germany, Singapore 0 (Lenses accessories) - 6.7 (Optical fibers, optical fiber bundles and cables) 0 (Lenses used in civil aircraft) -2.90 (Image conductor cables) Nil
Medical Optical Apparatus HS 90 series Lenses, prisms, mirrors etc. 0.6 -6 1 USA, Japan, China, Germany, Singapore 0 (Lenses accessories) - 6.7 (Optical fibers, optical fiber bundles and cables) 0 (Lenses used in civil aircraft) -2.90 (Image conductor cables) Nil
Iron Steel Products HS 73 series Iron Steel Products 1.1 5 1 Japan, USA, Australia, Malaysia, Vietnam 0 (Sheet piling of Iron Steel) 12.5 (Coach screws) 0 (Iron or steel wire used in civil aircraft) - 2.70 (Iron or steel grinding balls similar articles for mills) Nil
Iron Steel Products HS 73 series Iron Steel Structures (rods, angle, plates) 0.5 10 1 Japan, USA, Australia, Malaysia, Vietnam 0 (Sheet piling of Iron Steel) 12.5 (Coach screws) 0 (Iron or steel wire used in civil aircraft) - 2.70 (Iron or steel grinding balls similar articles for mills) Nil
Sugar HS 17 series Cane or beet sugar 2.7 2 6 Indonesia, Japan, China, Malaysia, Cambodia 0 (Cough drops) 12.2 (Dairy products) 33.90 EUR / 100 kg (Beet Sugar for refining) Nil
Sugar HS 17 series Sugar confectionery (including white chocolate) 0.1 0 6 Indonesia, Japan, China, Malaysia, Cambodia 0 (Cough drops) 12.2 (Dairy products) 33.90 EUR / 100 kg (Beet Sugar for refining) Nil
Wood Wood Products HS 44 series Wood sawn/chipped lengthwise, sliced/peeled 0.9 14 2 China, Korea, Japan, Iran, Malaysia 0 (Coniferous wood sawn or chipped lengthwise) 10.7 (Containers designed for use in the harvesting of fruits and vegetables) 0 (Coniferous wood sawn or chipped lengthwise) 5-40
Fresh or Frozen Fish Crustaceans HS 03 series Crustaceans 0.9 -16 2 Japan, USA, China, Italy, Vietnam 0 (Freshwater fish) 15 (Livers) 20 (Frozen Rock lobster and other sea crawfish) Nil
Fresh or Frozen Fish Crustaceans HS 03 series Molluscs 0.4 1 2 Japan, USA, China, Italy, Vietnam 0 (Freshwater fish) 15 (Livers) 20 (Frozen Rock lobster and other sea crawfish) Nil
Fresh or Frozen Fish Crustaceans HS 03 series Fish fillets 0.3 -7 2 Japan, USA, China, Italy, Vietnam 0 (Freshwater fish) 15 (Livers) 20 (Frozen Rock lobster and other sea crawfish) Nil
Note Export value, CAGR of Export values are
provided for the products and Percentage of
Global exports are provided for the entire
category. Categories have been arranged in the
descending order of highest percentage of
Thailands exports in 2014.
5
Executive Summary Emerging Export Products
Emerging Products HS Code Export Value (2014) in USD Billion of Total World Export (2014) Growth rate in Value 2013-2014 ( per annum) Top Export Destinations Import Duty into US Import Duty into EU Export Duty
Rice 1006 5.438 22.06 23 Nigeria, Benin, USA, China, Ivory Coast 0-6.7 211.00 EUR / 1000 kg (Rice) Nil
Polymers of ethylene, in primary forms 3901 4.200 4.99 14 China, Japan, Indonesia, Vietnam, India 0-6.5 0-6.50 Nil
Printing machinery 8443 2.551 2.45 35 USA, Japan, Netherlands, Germany, China 0-6.7 0 Nil
Air, vacuum pumps hoods incorporated a fan 8414 1.931 2.54 12 Japan, China, Norway, USA, India 0-6.7 0 Nil
Diamonds 7102 1.852 1.28 11 China, Belgium, India, Israel, USA 0-11 0-4 Nil
Electrical app for switching (ex fuse, switches, etc.) not exceeding 1000 volt 8536 1.560 1.56 15 Japan, Singapore, Malaysia, USA, Indonesia 0-6.7 0 Nil
Manioc, arrowroot (yams) etc. 0714 1.527 52.63 16 China, Japan, Singapore, New Zealand, Australia 0-20 6 Nil
Reception app for radio-telephony/ radio-broadcasting 8527 1.415 8.57 20 Japan, USA, Belgium, India, Germany 0-6.7 0 Nil
Printed circuits 8534 1.238 2.57 32 China, Malaysia, USA, Japan, Germany 0-6.7 0 Nil
Oils other products of the distillation of high temp coal tar etc. 2707 1.227 5.48 32 China, Singapore, Korea, Indonesia, Malaysia 0-12.5 0 Nil
6
THAILAND- MACRO ECONOMICS

• Sourcing Opportunities in Thailand

7
Thailand Overview

• Thailand is a constitutional monarchy in South
  East Asia that consists of 77 provinces
• spread across six regions North, North East,
  Central, East, West and South.
• Population 67.2 million (2014 statistics)
• Surface area slightly larger than Spain 513,115
  km2
• Coastline about the same as Vietnam 3,219 km
• About 0.43 of total land area is made up of
  water bodies such as lakes and rivers

Population (2014) Area (km2)
Thailand 67,200,000 513,120
Bangkok 8 million 1569
Samut Prakan 1.2 million 1004
Nonthaburi 1.1 million 622
Udon Thani 0.15 million 1142
2014 Growth (2014) Value (2014)
Gross Domestic Product The GDP was USD 373.8 billion in 2014 0.7 USD 373.8 billion
Exports Total global exports from Thailand constituted about 1 of global exports 6 USD 225.784 billion
Foreign Direct Investments Japan is the prominent investor into Thailand with about 60.6 investments 20.93 USD 12.7 billion
Source World Bank, International Trade Center,
Bank of Thailand
8
Thailand Industry and Workforce

• Thailand is an upper-middle income economy with a
  gross national income of USD 13,510 per capita
  (year 2013).
• Thailand provides the investor with a hard
  working and knowledgeable workforce with
  high-trained technicians and disciplined workers.
  Labor costs in Thailand are relatively low
  compared with other countries in the area such as
  Malaysia and Indonesia while productivity levels
  remain high. Investors agreed that Thailand is a
  very cost-effective place to do business
• Majority of the workforce is employed in the
  Agricultural Sector. The effort of the government
  to move the workforce from low income
  agricultural sector to others obtained good
  resulted after years with the ratio decreased
  from 80 in the 1980s to 38 in 2012.
• The stable and steady workforce in Manufacturing
  sector has been attributed to the growth of the
  industrial manufacture in Thailand.
• For many years, Thailand has been facing the
  shortage of low-skilled workers and have to
  import low-skilled migrant workers from
  neighboring countries. At present, Thailand is
  host to almost 3 million migrant workers. In the
  future, these business owners will be forced to
  rely on the migrant workforce, since the
  low-skilled Thai workforce can not be expanded.

Source tradingeconomics.com
8
9
Thailand GDP
Sources knoema.com, data.worldbank.org
Sources knoema.com, data.worldbank.org

• Key Insights
• Annual GDP Growth Rate Thailand witnessed more
  than 6 growth in GDP in 2012 which slowed down
  to 3 growth in 2013 and 0.7 in 2014 due to
  global economic slowdown.
• Main contributors towards the GDP growth are
  Services and Manufacturing sectors with 48.2 and
  38.2 share respectively of the total GDP.

Source thailand-business-news.com
9
10
Thailand exports are steadily growing to all
major regions of the world at 9.87 CAGR
(2006-2011)
Thailand Trading Partners
CAGR 8
CAGR 3
CAGR 4
CAGR lt 1
CAGR 7
CAGR 3
CAGR 8
CAGR 14
CAGR 7
CAGR 1
Sources Key Indicators of Thailand -2011, Asian
development Bank-ADB

• The top regions importing from Thailand include
  China, US, Japan, Malaysia, Hong Kong, Singapore,
  Indonesia, Australia, Vietnam and Philippines.
  Export to Indonesia have been increasing at a 14
  from 2010-2013.
• Top imported partners includes Japan, China, EU
  and US which are also the biggest trade partners
  of Thailand.
• Among the Multilateral and Bilateral trade
  agreements, Japan continued to be Thailands top
  trading partner and the biggest investor to the
  country.

Germany
Europe
10
11
Thailand Foreign Investment
Sources UNCTAD, Indexmundi, Ministry of Foreign
Affairs-Thailand
Sources UNCTAD, Indexmundi, Ministry of Foreign
Affairs-Thailand

• Key Insight
• Foreign investors are attracted by Thailands
  strong growth in the past years, low cost labor
  force and significant performance of its
  manufacture industry. FDI has grown substantially
  over recent years in 2012 and 2013.
• Japan was the largest FDI investor to Thailand in
  2014 followed by USA, UK, Hong Kong, The
  Netherlands and France.
• Flood Crisis
• Some regions of Thailand are prone to seasonal
  flash-flooding due to their tropical savanna
  climate. In 2013, seventeen factories were
  temporarily shut down in a major Thai industrial
  zone dominated by foreign companies. Hence
  investors are reluctant at times to invest in
  Thailand.
• Various disaster and risk reduction activities
  have been continuously implemented by the
  government agencies. Also, there is a separate
  department Department of Disaster Prevention and
  Mitigation operating under the Thailand
  government, aiming at enhancing the disaster
  management capacity and efficiency in terms of
  disseminating and receiving disaster related
  information, exchanging and sharing information
  with the government and non-government agencies.

Sources UNCTAD, Indexmundi, Ministry of Foreign
Affairs-Thailand, reuters.com, unisdr.org,
adrc.asia
11
12
Thailand Exchange rate
Source x-rates.com

• Exchange rate to be administrated by The Bank of
  Thailand on behalf of the Government
• The Baht (Thailand currency) was allowed to float
  before 1963. After that it was pegged to US
  dollar (1963-1978) firstly by a fixed rate then
  by a fluctuation range. In 1978, the Baht was
  pegged to its major trading partners instead of
  USD. During 1984-1997, the Baht value was
  defended against the U.S. Dollar by monetary and
  financial measures in line with the pegged
  exchange rate regime. It was allowed to float
  again in 1997 by the managed-float exchange rate
  regime. The Government would only intervene to
  prevent excessive volatilities and achieve
  economic targets.
• It is observed that there has been an
  appreciation of THB vs. US dollar since 2005. It
  caused by Thailands investment capital which
  kept increasing dramatically and other measures
  to attract investment such as high interest rate,
  etc.
• There are emerging concern on the appreciation
  of the Baht as it would cause difficulties to
  export and he operation of small and medium
  enterprises.

12
13
INDUSTRIAL MACHINERY
14
Industrial Machinery Market Trends

• Key Insights
• Thailand is a net exporter of Industrial
  Machinery
• Expansion and development of Thailands
  agri-business industry is expected to increase
  demand for imported machinery and technology for
  the food processing industry.
• There is high demand for food and farm machinery,
  alternative energy/ energy conservation
  machinery, textile machinery, automotive
  machinery, mould and die industry
• The industry is expected to grow at 10 annually
  in the 2-3 years.
• The major imported product categories were
  electrical machinery and accessories and air or
  vacuum pumps, gas compressors and fans.
• The main exports of industrial machinery were
  printing machinery and printing type blocks.
• An import duty of 0-9.7 is levied on Electrical
  Appliances exports from Thailand into Europe. The
  rate of 0-9.9 is levied on Thailand Electrical
  Appliances imported into US.

Source International Trade Centre, boi.go.th,
export.gov
15
Industrial Machinery Suppliers in Thailand
Supplier Locations
Source International Trade Centre

• The country's machinery and metalworking sector
  employs a labor force of around 400,000 people
  and comprises approximately 50,000 enterprises as
  on 2013. At present, Thailand is a global leader
  in machinery and there are numerous opportunities
  to invest in this industry.
• Toshiba Carrier (Thailand) Co. Ltd., Korawit
  Engineering Ltd., Bangkok Fastening Co. Ltd.,
  Kulthorn Kirby PCL, Global Thaixon Precision
  Industry Co., Ltd., Kusatsu Electric (Thailand)
  Co.,Ltd., Thai Agricultural Machinery Co., Ltd.
  are some of the industrial machinery
  manufacturers in Thailand.

Source business-in-asia.com
Note Star refers to supplier hubs
16
ELECTRICAL, ELECTRONIC EQUIPMENT
17
Electrical, Electronic Equipment Market Trends

• Key Insights
• Electrical appliances and electronic goods sector
  is projected to grow by 4 percent in 2015 from
  last year. It is also expected that the exports
  would grow by 3-5 percent annually in the next 3
  years, while the domestic market is expected to
  expand by 5-10 per cent per year.
• The production of electrical and electronic goods
  is projected to grow by 1-2 percent in 2015. The
  electronic-goods sector is expected to grow by
  0.5-1 percent in line with the rising demand for
  mobile communication devices.
• Thailands robust manufacturing base and
  well-developed infrastructure, including an
  efficient road and ports system, make Thailand an
  ideal place for electrical and electronics
  operations.
• Thailands major electrical appliance products
  were air conditioners, refrigerators, and digital
  cameras video camera recorders. Air
  conditioners, which accounted for 15 of the
  electrical appliance industry, had the highest
  export value in the industry while the export of
  refrigerators and digital cameras video camera
  recorders increased by 10 and 12, respectively.
• Thailands main electronics exports were hard
  disk drives (HDD) and integrated circuits (IC),
  which accounted for approximately 34 and 26 of
  total electronics exports, respectively.

Source International Trade Centre,
nationmultimedia.com, boi.go.th
18
Electrical, Electronic Equipment Suppliers in
Thailand
Supplier Locations
Source International Trade Centre

• Currently, almost all of the major electrical
  appliance manufacturers are represented in
  Thailand. The Kingdom is not only a regional
  leader, but also a leader on a global level as
  Japanese, Korean, European and American
  multinational companies manufacture electrical
  appliances in Thailand.
• Japanese manufacturers constitute half of the
  industry JVC, Sony, Orion, Nikon, Pioneer,
  Panasonic, Canon, Sharp, Hitachi, Mitsubishi,
  Toshiba, TDK, NEC, Stanley, Rohm, Alps Electric,
  Epson, Alpine, Minebea, NHK, Seiko, Sanyo and
  Fujitsu, among many others are represented in
  Thailand.

Source International Trade Centre, boi.go.th
Note Star refers to supplier hubs
19
AUTOMOBILES
20
Automobiles Market Trends

• Key Insights
• Automotive industry is projected to grow at 15.4
  in 2016.
• Total production of Automobiles in 2014 was about
  1.8 million units. In 2015, the production number
  is expected to reach 2.15 million units.
• Domestic sales is set to get close to 1 million
  units, thus stabilizing the domestic market.
• Eco car production will play a central role in
  the growth of automotive market in 2015. About
  50 of the manufactured vehicles are exported.
• The BOI and the Ministry of Finance offer
  incentives to Eco Car manufacturers. Under the
  incentive program, the BOI offers projects with a
  minimum investment value of 5 billion baht, an 8
  year corporate income tax holiday, as well as
  duty-free importation of machinery.
• Thailand is expected to retain its position as
  the main automotive production hub within ASEAN.
• Export growth rate is around 3 annually.

Source International Trade Centre,
thaiautobook.com
21
Automobiles Suppliers in Thailand
Supplier Locations
Source International Trade Centre

• 85 of the market share is controlled by
  Japanese, about 5 by US OEMs.
• Toyota have the biggest share of about 35 in the
  vehicles market, followed by Mitsubishi, Auto
  Alliance, Nissan, Isuzu, Honda, Chevrolet and
  Suzuki at 25, 11, 9, 5, 8, 3 and 3
  respectively.

Source International Trade Centre,
thaiautobook.blogspot.in
Note Star refers to supplier hubs
22
RUBBER RUBBER PRODUCTS
23
Rubber Rubber Products Market Trends

• Key Insights
• Production of Natural rubber
• 2012 3.77 million metric tons
• 2013 4.17 million metric tons
• 2014 4.32 million metric tons
• Asia accounts for 93 of the world natural rubber
  production with Thailand being the largest
  producer followed by Indonesia and Vietnam.
• China, the worlds top buyer of rubber, has
  slowed demand for natural rubber and hence
  Thailand is left with massive rubber surplus.
• Also, rubber prices have fallen approximately 30
  in 2014 and rubber producers are seeing a fall in
  revenue.
• The Thai Government is encouraging farmers to
  reduce rubber production and switch to producing
  palm oil. There are plans to initiate cutting
  down almost 3,50,000 rubber trees annually to
  counter the oversupply and fall in prices.

Source International Trade Centre, thainr.com,
businesseventsthailand.com
24
Rubber Rubber Products Suppliers in Thailand
Supplier Locations
Source International Trade Centre

• Thailands major rubber product companies are
  Thai Rubber Latex Corporation, Sri Trang
  Agro-Industry Plc., World Rubber Ltd.,
  Bridgestone Corporation and Top Glove Corporation
  Berhad.
• Some of the other top rubber exporting companies
  in Thailand are Von Bundit, Sri Trang Agro-
  Industry, Thai Hua, Thaitech Rubber, Southland,
  Bridgestone Natural Rubber, B.Right, Teck Bee
  Hang, Tavorn, Hadsyn, Siam Indo, A One, Numhua,
  and Thai Rubber Latex.

Source International Trade Centre,
thaiautobook.blogspot.in
Note Star refers to supplier hubs
25
PLASTICS PLASTIC PRODUCTS
25
26
Plastics Plastic Products Market Trends

• Key Insights
• Thailand is poised to become one of the regional
  hubs for biopolymer industry in the next 5 years
  as the industry starts to make serious
  investments.
• Also, Thailands industrial environment is very
  good, have enough feedstock and have big players
  like PTT Public Company Limited (Petroleum
  Authority of Thailand).
• The Bangkok-based Thai Bioplastics Industry
  Association claims that Thai cassava starch would
  be 30 percent cheaper as a biopolymer feedstock
  than corn starch in the United States.
• Strong and thriving agricultural base and
  advanced technologies and research-driven
  resources, provide a competitive advantage to the
  bio-plastics industry.
• The Thai government has spent 60 million to
  implement a detailed bio plastics development
  roadmap it unveiled in 2008, including a new
  round of tax incentives announced in January.
• Firms from Norway and Taiwan, for example, said
  they were partnering with Thai firms on bio
  plastics to take advantage of both Thai
  processing expertise and anticipated supplies of
  locally produced biopolymers. Thai companies also
  were adding capacity themselves.

Source International Trade Centre,
plasticsnews.com, boi.go.th
27
Plastics Plastic Products Suppliers in
Thailand
Supplier Locations
Source International Trade Centre

• The country has Southeast Asia's largest plastics
  processing industry, with 4,000 companies (about
  60 small and medium scale industries and
  remaining 40 large sized companies), and a
  strong local presence of factories of global car
  and electronics manufacturers.

Source International Trade Centre,
plasticsnews.com, businesseventsthailand.com
Note Star refers to supplier hubs
28
MINERAL FUELS
28
29
Mineral Fuels Market Trends

• Key Insights
• Approximately 80 of the nations oil demand is
  sourced through imports, making it one of the
  largest net oil importers in ASEAN. A large
  capacity for oil processing, however, means that
  Thailand is a net exporter of petroleum products,
  which include motor and aviation fuel.
• Although Thailand will increase its natural gas
  production in the short term as it makes use of
  its significant reserves, the pace of domestic
  energy demand growth means that the country will
  have grown more dependent on imports for its
  energy needs by 2016.
• Petroleum supply including onshore and offshore
  in 2015
• Natural Gas 36,505 Million standard cubic feet
  per day
• Condensate 2,012,500 barrels per day
• Crude Oil 1,612,691 barrels per day
• Due to increasing demand for natural gas and the
  limited scope of its reserves, Thailand is
  actively seeking new gas resources. It is also
  seeking to improve security of energy supply by
  diversifying its power generation fuel mix,
  through increased use of renewable resources,
  particularly solar, wind, hydro and biomass.
• Oil and gas companies are allowed to import
  duty-free equipment, with an average import total
  approaching US 1.5 billion per year. Foreign
  experts are also given special facilitation, with
  1,500 to 2,000 per year granted entry.

Source International Trade Centre, Department of
Mineral Fuels (Thailand), aperc.ieej.or.jp
30
Mineral Fuels Suppliers in Thailand
Supplier Locations
Source International Trade Centre

• There are over 300 platforms in the Gulf of
  Thailand, of which 279 are production or
  processing platforms. Thailand has a strong
  complement of locally established drilling,
  contracting, consulting, service and supply
  companies, with special preference for
  exploration and production operators to source
  locally.
• The oil industry in Thailand is dominated by PTT,
  formerly the Petroleum Authority of Thailand. The
  Energy Policy and Planning Office (EPPO), which
  is part of Thailands Ministry of Energy,
  oversees all aspects of the countrys energy
  policies, including the oil, natural gas, and
  power sectors.
• The largest foreign operator is Chevron, which
  currently accounts for 70 percent of Thailands
  natural gas production from 22 offshore fields.

Source International Trade Centre, mbendi.com
Note Star refers to supplier hubs
31
PRECIOUS METALS
31
32
Precious Metals Market Trends

• Key Insights
• Thailand's exports represent about 2 of world
  exports for this product, its ranking in world
  exports is 18.
• China, USA and Switzerland are the major import
  markets for pearls and precious metals from
  Thailand.
• About 24.8 of total exports from Thailand is
  towards China, 13.5 towards USA and Switzerland
  with 13.
• Gold Reserves in Thailand averaged 99.47 tons
  from 2000 until 2014, reaching an all time high
  of 152.41 tons in the third quarter of 2011.
• Gold consumption in Thailand, the biggest user in
  Asia after China and India, expanded 73 percent
  to 140.1 tons in 2013. Imports were higher than
  local consumption in 2013.

Source International Trade Centre, World Gold
Council Data
33
Precious Metals Suppliers in Thailand
Supplier Locations
Source International Trade Centre

• Adibadee Co., Ltd, ALX Gold Mining Co., Ltd.,
  Amulet Jewel Co., Ltd., Asian Global Co Ltd,
  Falcon Generation Co., Ltd., Gold Dust Rep,
  Goldshop Ghana Limited, Icon Minerals, Iris (
  Thailand) Company Limited, KPJ Exports, Kimberley
  Holdings, Laj Enterprises Ltd, Moza Group Co.,
  Ltd., Susso Gem Company Limited, YLG Bullion
  International Co Ltd are few suppliers/ exporters
  of gold and gold articles.

Source International Trade Centre,
globalsuppliersonline.com
Note Star refers to supplier hubs
34
PROCESSED FISH MEAT
34
35
Processed Fish Meat Market Trends

• Key Insights
• Thailand is a net exporter of Prepared/Preserved
  Fish Meat.
• Exported growth in value between 2010 and 2014 is
  2 per annum.
• Import duty rate for importing Canned Fish into
  EU is 20 whereas it is 4 for USA.
• Though industry witnessed a dip in exports in
  2014, in terms of quantity, there was a
  year-on-year increase of 8-10 per cent which,
  when coupled with a 30-per-cent fall in
  raw-material prices, resulted in a rise of 7-10
  per cent in profit margin, which was good for the
  Thai tuna industry.
• Thai tuna industry process about 800,000 tons of
  Tuna per year. 95 percent of the raw materials
  are frozen imports from many different parts of
  the world and only 5 percent come from Thai-owned
  ships.

Source International Trade Centre,
thefishsite.com, intrafish.com
36
Processed Fish Meat Suppliers in Thailand
Supplier Locations
Source International Trade Centre

• Asian Alliance International Co., Ltd., Chotiwat
  Manufacturing Co., Ltd., Global Frozen Food
  (Thailand) Co., Ltd., Golden Prize Canning Co.,
  Ltd., ISA Value Co., Ltd., MMP International Co.,
  Ltd., Pataya Food Industries Ltd., RS Cannery
  Co., Ltd., Siam International Food Co., Ltd., SK
  Foods (Thailand) Public Co., Ltd., Spa
  International Food Group Co., Ltd., Songkla
  Canning Public Co., Ltd., Southeast Asian
  Packaging and Canning Ltd., Thai Union Frozen
  Products Public Co., Ltd., Thai Union
  Manufacturing Co., Ltd., Tropical Canning Public
  (Thailand) Co., Ltd., Unicord PLC, PB Fishery
  Products Co., Ltd. are the members of Thai Tuna
  Industry Association.

Source International Trade Centre, thaituna.org
Note Star refers to supplier hubs
37
ORGANIC CHEMICALS
37
38
Organic Chemicals Market Trends
Exported growth in value between 2010-2014 (,
p.a.)  
Exported growth in value between 2010-2014 (,
p.a.)  

• Key Insights
• Thailand is a net exporter of Organic chemical
• The global average import duty rate for Organic
  chemical compounds is 3.8, with a minimum of 0
  and a maximum of 30.
• Exported growth in value between 2010 and 2014 is
  10 per annum.
• About 56 of the total exports from Thailand is
  sent to China followed by India, Singapore and
  Indonesia at 11, 10 and 10 respectively.
• There are about 750 organic chemical suppliers in
  Thailand. Many big manufacturers are located in
  the east part of Thailand.
• There are many ISO 90012008 and ISO 140012004
  certified suppliers in the market.

Source International Trade Centre,
business-in-asia.com
39
Organic Chemicals Suppliers in Thailand
Supplier Locations
Source International Trade Centre

• Aditya Birla Chemicals (Thailand), Sumitomo
  Corporation Thailand Ltd, Union Petrochemical
  Public Co. Ltd., Pimai Salt Co. Ltd, ARS Chemical
  (Thailand) Co. Ltd., Thai Caprolactam Public
  Company Limited, Siam Water Flame Co., Ltd., ICP
  Chemicals Co. Ltd., SQI Group of Companies,
  Imperial Industrial Chemicals (Thailand) Co.
  Ltd., Cape Industrial Co. Ltd (Cape Thailand
  Eastern Branch), PAE Public Co., Ltd., Technip
  Engineering (Thailand) Ltd., Thai Organic
  Chemicals Co., Ltd, are the various suppliers in
  the market.

Source International Trade Centre,
aboutthailand.info, chemtechsearch.com,
business-in-asia.com
Note Star refers to supplier hubs
40
CEREALS
40
41
Cereals Market Trends

• Key Insights
• Thailand is a net exporter of cereals. Exported
  growth in value between 2013 and 2014 is 24 per
  annum.
• Industry witnessed a fall in 2013 due to
  childrens breakfast cereals encountering a
  slowdown due to a shrinking birth rate in
  Thailand as well as the concern of overweight
  children.
• Bread and Rolls is the largest and fastest
  growing products in the overall market.
• Age related products and Indulgence seeking
  behavior is driving Bakery and Cereals
  consumption in Thailand.
• Breakfast cereals is likely to enjoy the
  potential upside, with the expansion of city
  areas in Thailand where the lifestyle of dwellers
  revolves around consumption of packaged food for
  convenience purposes. To save their time and
  budgets, more Thai consumers replace their cooked
  meals or traditional breakfast menus such as pork
  sticks, rice porridge or omelette rice menus with
  favorable items of breakfast cereals mixed with
  milk to feel refreshed before the working day.
• Private labels are performing well in Thailand,
  and penetration is relatively high within the
  Thai Bakery and Cereals market. Retailers in
  Thailand have heavily promoted and introduced
  store brands at a lower price, and consumers
  consider the quality to be almost the same as
  national brands.
• Film and Trays made of Flexible Packaging are the
  most commonly used packaging materials in
  Thailand's Bakery and Cereals market.

Source International Trade Centre,
euromonitor.com, whatech.com
42
Cereals Suppliers in Thailand
Supplier Locations
Source International Trade Centre

• Nestle (Thailand) and Kellogg (Thailand) dominate
  the market owing to their longstanding
  establishment in Thailand, coupled with their
  wide array of breakfast cereals including flakes,
  muesli, childrens breakfast cereals and other
  RTE cereals.
• They hold a combined value share of 75 in 2013,
  with Nestlé (Thailand) constituting larger share
  of 43.

Source International Trade Centre,
euromonitor.com
Note Star refers to supplier hubs
43
MEDICAL OPTICAL APPARATUS
43
44
Medical Optical Apparatus Market Trends

• Key Insights
• In 2014, export of medical and optical apparatus
  was 4.67 billion whereas the import was 5.33
  billion.
• Thailand's exports represent 0.82 of world
  exports for this category, its ranking in world
  exports is 20.
• Exported growth in value between 2010 and 2014
  was 7 per annum. On the other hand, exported
  growth in value between 2013 and 2014 is 4.
• An increase in import of medical and optical
  apparatus have been witnessed in China and USA.

Source International Trade Centre
45
Medical Optical Apparatus Suppliers in
Thailand
Supplier Locations
Source International Trade Centre

• BTL Medical Techonologies Ltd, Extreme Co., Ltd.,
  J Summit Co., Ltd., Medicia Instrument Service
  Co., Ltd., Sato Auto-ID (Thailand) Co., Ltd.,
  Siam HGospital Supply Co., Ltd. are few players
  in the market.

Source International Trade Centre
Note Star refers to supplier hubs
46
IRON STEEL PRODUCTS
46
47
Iron Steel Products Market Trends

• Key Insights
• China and Japan are the main suppliers of Iron
  Steel products to Thailand.
• Thailand's exports represent 1.28 of world
  exports for this product, its ranking in world
  exports is 20.
• Exported growth in value between 2010 and 2014
  was 7 per annum.
• Iron steel articles (forged or stamped)
  constitute majority of exports followed by
  structures (rods, angle, plates) of iron steel,
  and iron steel screws, bolts, nuts,
  coach-screws, etc.
• Construction industry is the major end user of
  iron and steel products with about 54 followed
  by automobiles and parts at 16, machinery and
  industrial products at 13, electrical appliances
  at 12 and packaging at 5.

Source International Trade Centre, giz.de
48
Iron Steel Products Suppliers in Thailand
Supplier Locations
Source International Trade Centre

• Sahaviriya Steel Industries Public Company
  Limited(SSI), Bangkok Steel Industry Co. Ltd
  (Public), Millennium Steel Public Company
  Limited, Siam Construction Steel Company Limited,
  Siam Iron and Steel Company Limited, Thai Special
  Steel Industry, Thai Stainless Steel Co Ltd are
  the major players in the market.

Source International Trade Centre
Note Star refers to supplier hubs
49
SUGAR
49
50
Sugar Market Trends

• Key Insights
• Thailand is a net exporter of Sugar.
• Thailand's exports represent 6.58 of world
  exports for this product, its ranking in world
  exports is 2.
• Exported growth in value between 2010 and 2014
  was 2 per annum.
• Cane or beet sugar and chemically pure sucrose
  (in solid form) is the main product exported
  followed by sugar confectionery (incl white
  choc), not containing cocoa.
• Indonesia, Japan and China are the major import
  markets.
• Thailand produced a record 11.6 million tons of
  sugar in 2013/14, but dry weather in key growing
  areas is seen leading to a drop in sugar output
  to 10.5 million tons in 2014/15.
• On the back of expansion in cane production
  estimated to be 107 million tons in 2015/16, and
  sugar production increasing to 11.4 million tons,
  up 4 from 2014/15.

Source International Trade Centre,
internationalsugarjournal.com, agra-net.net
51
Sugar Suppliers in Thailand
Supplier Locations
Source International Trade Centre

• Thai Sugar Mill Co., Ltd., Uttaradit Sugar
  Industrial Co Ltd, Mitrphol Sugar Group, The
  Saharuang Co.,Ltd., Khon Kaen Sugar Industry
  Public Company Limited, New Krung Thai Sugar
  Factory Co., Ltd., are few sugar factories in
  Thailand.

Source International Trade Centre
Note Star refers to supplier hubs
52
WOOD WOOD PRODUCTS
52
53
Wood Wood Products Market Trends

• Key Insights
• Thailand is a net exporter of wood and wood
  articles.
• Thailand's exports represent 1.64 of world
  exports for this product, its ranking in world
  exports is 19.
• Exported growth in value between 2010 and 2014
  was 8 per annum. On the other hand, exported
  growth in value between 2013 and 2014 is 6.
• China is the major importer of wood and wood
  articles from Thailand.
• Wood sawn/chipped lengthwise, sliced/peeled and
  fibreboard of wood are the major export products
  from Thailand.
• An estimated 33 of Thailands total land area is
  covered by forest. Production of hardwood timber
  from Thailands national forest is limited due to
  a ban on logging and stringent measures that
  protect forest conservation.
• Its estimated that about 70 percent of
  Thailands wood furniture production is exported.
• The largest source of domestic hardwood in
  Thailand comes from para-rubber wood.

Source International Trade Centre,
gain.fas.usda.gov
54
Wood Wood Products Suppliers in Thailand
Supplier Locations
Source International Trade Centre

• There are multiple ISO certified suppliers in the
  market. To name a few Krabiwood Industries Co.,
  Ltd, Thai Bamboo and Wood Products Co., Ltd.,
  Charoen Industry Co., Ltd., Siam Richwood Co.,
  Ltd., Bangpakong Wood Co., Ltd., Phang Nga
  Parawood Industries Co., Ltd., Fancy Wood
  International Co., Ltd., Thai Plywood Co.,Ltd.,
  Rayong Particle Board Co., Ltd., Vanachai Panel
  Industry Co., Ltd., Woodwork Creation Co., Ltd.,
  Woodwork Product Co., Ltd., Laem Chabang Industry
  Co., Ltd., Agro Mats Co., Ltd., Areechai Wodtech
  Co., ltd, Hand Heart Co., Ltd.

Source International Trade Centre,
business-in-asia.com
Note Star refers to supplier hubs
55
FRESH/FROZEN FISH CRUSTACEANS
55
56
Fresh/Frozen Fish Crustaceans Market Trends

• Key Insights
• Thailand's exports represent 1.91 of world
  exports for this product, its ranking in world
  exports is 16.
• Exported growth in value between 2013 and 2014
  was 1 per annum.
• Japan and USA are the major export markets for
  fish, crustaceans, molluscs, aquatic
  invertebrates etc. from Thailand.
• Industry is witnessing depleted fish stocks
  mainly due to unregistered pirate ships that
  plunder the waters of other countries, often
  under assumed identities, the group says.
• An estimated 11-26m tons or 15 of the worlds
  fish are caught illegally each year.
• Thailand's fishing industry has come under
  scrutiny after investigations uncovered the use
  of human trafficking, forced labor and
  ill-treatment.

Source International Trade Centre,
theguardian.com, ejfoundation.org, fao.org
57
Fresh/Frozen Fish Crustaceans Suppliers in
Thailand
Supplier Locations
Source International Trade Centre

• Luen Thai Fishing Venture Limited, Thai Union
  Group, Siam Canadian Group, Mayao Foods Co.,
  Ltd., Kondanmal Group, A.P.Frozen Foods Co.,
  Ltd., Bangkok Selection Foods Co., Ltd., Anglo
  Thai Exports Co., Ltd., Anusorn Mahachai Surimi
  Co., Ltd., Baaeco V Food, BCT Trading Co., Ltd.,
  are few exporters in the market.

Source International Trade Centre
Note Star refers to supplier hubs