Market Research Report
Thailand Freight Transport and Shipping Q2 2020
|Published by||Fitch Solutions, Inc.||Product code||352603|
|Published||Content info||58 Pages
Delivery time: 1-2 business days
|Thailand Freight Transport and Shipping Q2 2020|
|Published: February 11, 2020||Content info: 58 Pages||
We anticipate government stimulus to pick-up and support household consumption during 2020, which will be broadly supportive of import demand. However, ongoing China-US trade tensions, as well as slower regional growth and a strong appreciation of the Thai baht, has eroded Thailand's export-competitiveness, thus underlining why we envisage import growth to outperform export growth in real terms in 2020 and also out to the end of the forecast period by the end of 2024. From a production perspective, we expect a slowdown in the manufacturing sector in Thailand to continue weighing on headline growth. This reflects a broader trend globally of service and manufacturing sector growth divergence, with domestic demand propping up the retail sector. Rail freight is set to be the outperforming mode in the Thai freight mix between 2020 and 2024.