As COVID-19 pandemic continually impacts all countries including Thailand, some businesses and industries sector has been shut down. However, there might be some manufacturing industries that gain the opportunity to continue their sector.
The Office of Industrial Economics of Thailand reported, from April-September 2020 compared to 2019 there are 4 Thailand’s manufacturing industries that gained the opportunity from COVID-19 pandemic;
1. Pharmaceutical Industry
Since COVID-19 outbreak happened in January 2020, we might have to keep ourselves clean as it’s the best way to prevent the spread of the virus. Therefore, demand for the global hygiene product industry has rapidly grown. On the other hand, the Pharmaceutical industry played a big role during COVID-19 outbreak to develop and deliver the test, vaccines, and treatments in order to treat the disease during the crisis. Consequently, the chemical production has rapidly raised 15.7%
2. Foods Industry
According to the lockdown policy, people might stay and work at home as various restaurants are closed. Therefore, consumer purchasing behavior might have changed and they prefer to purchase more on the instant and products that can be stored for a long time such as frozen foods like chicken, fruit and vegetables, also included canned foods, instant noodles, powdered milk, etc. According to the report of The Office of Industrial Economics of Thailand, those kind of foods’ production rate has increased 1.7%.
3. Electronics Industry
Electronics became one of the significantly needed things after COVID-19 pandemic due to working from home, online learning including e-commerce business and online shopping. Businesswire reported that the consumer electronics e-commerce market might grow from $282.6 billion in 2019 to $373.6 billion in 2020 and would continually reach $548.4 billion in 2023. Additionally, in 2019-2020, the production rate of the electronics industry has surged 1.67%.
Apart from rising demand for medical and chemical products, the rubber gloves market has rocketed to produce more pieces to meet the needs of requirements. Thailand, the second biggest exporter in the world, has the production rate 32.7% rise in 2020 compared to 2019 as its heavy demand for medical and hospital use in domestic and export countries especially in USA and Japan. Concisely, not only the rubber manufacturing in Thailand have been working hard throughout the pandemic, but also the other manufacturers, especially in India, have been working overtime to meet the rush of orders.