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Thailand's retail trade in construction materials was forecasted to contract by **** percent in 2020. This forecast was made on the worst-case scenario assumption, in which ** percent of construction material retailers would have to be closed-down until the end of June 2020 due to the COVID-19 pandemic.

The costs of construction

Labor and materials are the main components of construction costs in Thailand, with construction materials taking the highest proportion of costs followed by labor. The price of construction materials has risen in recent years in Thailand, increasing costs for businesses in the industry. Despite this increase, there is still potential for the construction industry to counter these costs, specifically in Bangkok, from increasing demand of condominiums. In the first half of 2019 alone, Bangkok had more than 27 thousand of new condominiums.

Construction materials suppliers

In recent years, Home Product Center was the leader in construction material trading in Thailand. Other leading construction material traders also include CRC Thai Watsadu, Siam Global House and Dohome. Home Product Center, stylized as HomePro, is a major retail chain in Thailand which specializes in home products for home refurbishments and renovations. Additionally, the company also provides construction, installation and maintenance services of home products.