Food industry in Thailand to grow 5% at the end of the year as EU-US-China markets recover from COVID

Published 2021년 9월 4일

Tridge summary

Thailand's food factory cluster has seen a production capacity loss of 20-30% due to the pandemic, but food exports are expected to grow by 3-5% in 2021 as countries relax lockdowns and vaccinate populations. The country's exports, including fresh fruit, processed food, chicken, meat, and beverages, have seen a mixed performance in the first seven months, with some categories experiencing growth while others decline. The government's measures to relax business restrictions have had a positive impact on the food market, and the demand for food products is expected to improve further with potential New Year celebrations. However, food exporters face challenges such as high freight costs and COVID-19 prevention measures in factories, which may affect production capacity.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

It indicates that the food factory cluster impacts production capacity only 20-30%, accelerating food exports in 2021 to grow 5% after many countries relax the lockdown. Speeding up vaccination to cover the population Win if there is a New Year's activity after 2 years of holding back, pushing orders from the "private sector" to adjust the production plan to bear the burden of additional freight costs - accepting the purchase demand after the market recovers Mr. Wisit Limluecha Vice Chairman of the Thai Chamber of Commerce and chairman of the processed food and food strategy committee of the future said that as a result of the Covid-19 epidemic In the factory, the production capacity is lost only 20-30%, but the production of goods for export is still consistent with incoming orders. however Still have to watch it one more time. Overall, food exports in Thailand in 2021 are expected to grow at an average of 3-5% as a result of many countries being able to vaccinate up to 70% of ...

Source: Prachachat