The logistics industry in Thailand started booming when the country accepted free trade agreements with foreign countries. Since then, numerous international companies from various industries have established their operations in Thailand, and co-invested with Thai corporations. This called for wider logistics activities in the country to fully satisfy supply chain operations. The
has shown growth for the past decade, up until 2020 when it was interrupted by the COVID-19 pandemic. Since 2021, the sector recovered steadily.
The state of the logistics industry in Thailand
During the COVID-19 pandemic, the volume of parcels delivered through road, air, and water transportation was reduced due to restrictions imposed to counter the pandemic. For road transportation, restrictions such as curfews and limited border entrances were the main reasons for lowered delivery volume. As experienced by many other countries, Thailand’s air transportation was heavily scaled down, resulting in declining
air freight volume, which yet has to recover. However, the pandemic encouraged Thai consumers to purchase online more often than ever. The expansion of the e-commerce market has certainly benefited last-mile delivery in the country. In 2022, food, personal care, and electronics were the segments with the highest
market share of leading e-commerce segments in Thailand.The competitive landscape of logistics industry
Thailand’s geographical location gives it several advantages to become regional air, water, and multi-modal transport center. Therefore, the Thai logistics industry is highly competitive, not only among local operators but also among international ones. BEM yielded the
highest net profit in the logistics industry as of the first quarter of 2023, followed by Prima Marine Public Company Limited or PRM. In terms of the courier industry, state-owned Thailand Post held the largest
market share of the express delivery market in Thailand in that year, followed by Kerry Express with its headquarter in Hong Kong.
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