KBank's Strategic Acquisition in Muang Thai Group Holding
Million Persons
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Economic Condition Highlights: CAPEX and Investment Cycle
Capacity Utilization by Key Industries
Investment value of BOI-approved applications (Total)*
food
baverages
tobacco
31.6
textiles
paper and paper products
48.7
rubber and plastics products
46.4
basic metals
motor vehicles, trailers and semi-trailers
Other manufacturing
45.6
49.6
55.9
61.7
Investment Value (Bt Bn)
700.0
631.1
618.6
511.9
459.5
447.4
500.0
361.4
300.0
100.0
-100.0
2017
2018
2019
2020
2021
2022
Investment value of BOI-approved applications (by Industry)*
68.8
300,000
80.2
0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00
3M23 2022 2021
Investment Value (Bn)
250,000
200,000
150,000
100,000
58,699
37,134
50,000
25,252
85,503
80,970
54,933
276,120
0
0
Agriculture
Minerals&Ceramics
Light Industry
Metal Processing Electronics&Electrical Chemical Plastic Paper
Service &
Infrastructure
Technology and
Innovation
2018 2019
2020 2021
2022
Source: The Bank of Thailand (BOT), The Ministry of Commerce (MOC), and Office of Industrial
Economics (OIE)
Source: The Board of Investment of Thailand (BOI)
Note: *Figures above indicate investments of approved projects requesting investment promotion
benefits from BOI
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Tourism
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Thailand's tourism receipts will progressively increase in 2023, reaching 70% of the 2019 level
%Tourism Revenue to GDP
20.0%
18.2%
17.7%
-44.6%
11.5%
10.0%
5.7%
2.2%
6.6%
6.4%
0.0%
5.2%
22%
3.0%
0.69 3.1%
11.60%
7.40%
4.20%
3.6%
2018
2019r
2020
1.6%
2021r
2022e
2023f
% Foreign tourism revenue to GDP
-% Total tourism revenue to GDP
% Domestic tourism revenue to GDP
In 2023, KResearch projects the number of foreign
tourists coming to Thailand may reach 28.5 million, or
around 71 percent of the 2019 level
Meanwhile, domestic travel is expected to report steady
growth. Preliminarily KResearch projects Thais will
make around 168.0-170.0 million domestic trips in 2023
No. of Foreign Tourists and Domestic Trips
50.00 166.0 172.7
40.00
38.20
30.00
90.6
39.92
20.00
53.0
11.14
10.00
6.70
0.42
0.00
2018
2019
2020
2021r
2022e
2023f
No. of Foreign tourists (persons)
No. of Domestic trips
Note: As of April 2023
Tourism Revenue
(Bt bn)
169.0
200
3,500
2,947
2,994
150.8
3,000
150
2,500
28.5
1,876
1,912
2,084
997
2,000
100
1,500
,071
,082
793
352
633
1,000
50
500
319 474
1,332
752
254
98
364
0
2018
2019
2020
2021r
2022e
2023f
■Foreign Tourism Revenue
Domestic Tourism Revenue
Total Revenue
บริการทุกระดับประทับใจ
156
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