Thai Spirits Businesses on Upward Trend, Set to Produce One Billion Baht Monthly

[webfact]

 

By Tanakorn Panyadee

 

The overall spirits businesses in Thailand has expanded by 20% since the start of 2023 and is set to pump in one billion baht into the economy every month in the second quarter, said Thanakorn Kuptachit, advisor to the Thai Alcohol Business Association.

Thanakorn revealed that the demand and purchasing power for alcoholic beverages in Thailand have been on an upward trend since January 2023, with sales expanding by no less than 20% each month.

 

All types of alcoholic beverages have witnessed an uptick in sale volume, such as beer and spirits, which are driven by many factors, including the lifting of all COVID-related restrictions, the reopening of the country for travel and tourism, the upcoming Songkran Festival, or even the general elections.

“There will be more gatherings, celebrations, and parties as the Songkran holiday approaches, coupled with the political atmosphere that is tensing up.

 

Full story: https://thepattayanews.com/2023/03/31/thai-spirits-businesses-on-upward-trend-set-to-produce-one-billion-baht-monthly/

 

-- © Copyright The Pattaya News 2023-03-31

 

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[khaowong1]

Didn't some Thai authority ask no one to drink over this years Songkran festival.?  That would sure shut down the profits.  Just saying. 

[hotchilli]

3 hours ago, webfact said:

Thanakorn revealed that the demand and purchasing power for alcoholic beverages in Thailand have been on an upward trend since January 2023, with sales expanding by no less than 20% each month.

Yesterday my local Mom & Pop shop told me that beer was going to increase by one baht next month.

This after a two baht rise in January and a two baht rise last October.

[hotchilli]

4 minutes ago, khaowong1 said:

Didn't some Thai authority ask no one to drink over this years Songkran festival.?  That would sure shut down the profits.  Just saying. 

Faint hope.

[IAMHERE]

3 hours ago, webfact said:

pump in one billion baht into the economy

Wouldn't that be 'take out of' ?