Thailand Construction Material Costs Surge by 6.8%
The Ministry of Commerce reports a 6.8% year-on-year increase in construction material prices for September 2026, driven by global energy volatility.
According to data from the Ministry of Commerce’s Office of Trade Policy and Strategy, Thailand’s construction material price index reached 113.7 in September 2026, marking a 6.8% increase compared to the same period in 2025.
Nanthapong Jiralertpong, Director of the Office, attributed this broad price hike to rising global oil and energy costs. These increases are linked to the ongoing conflict in the Middle East, which has stalled negotiations between the U.S. and Iran, and the closure of Saudi Arabia’s East-West Pipeline for repairs following an attack.
Key sectors driving this inflation include:
- Concrete products: Up 9.2%, affecting ready-mixed concrete and pre-stressed beams.
- Wood and wood products: Up 4.3%, due to higher raw material and transport costs.
- Cement: Up 0.3%, driven by increased coal energy costs.
For residents and property investors in Thailand, this trend suggests higher renovation and development costs. While the immediate impact is clear, the long-term duration of these price hikes remains uncertain, as they are heavily dependent on the stabilization of global energy supplies and the resolution of geopolitical tensions in the Middle East. Travelers are unlikely to be directly affected, though the broader economic climate may influence local service pricing.
