Tridge summary
Thailand's pet food exports experienced a notable growth of 37.6%, reaching $1.07 billion, and the tuna industry is on the mend. In 2023, Thailand emerged as the leader in global canned tuna exports, with a value of $2.09 billion, primarily to the United States, Japan, Australia, Libya, and Saudi Arabia. The U.S. is the largest importer of canned tuna, with Thailand holding a 38.1% share of the market. This growth is linked to factors such as lower tuna costs, the rise in halal food demand, and increased product inventory due to political risks. Thailand's competitive edge in canned tuna exports is reinforced by its advanced production technology, adherence to international standards, and strategic Southeast Asian location. To further bolster its position, Thailand is encouraged to enhance quality control and implement a traceability system, with potential market expansion in the Middle East and Europe through product value-added and sustainability initiatives.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Thailand's pet food exports also grew significantly, reaching $1.07 billion, up 37.6% year-on-year. This shows that the tuna industry is recovering across the board. In 2023, the main export markets for Thai canned tuna include the United States ($482 million, accounting for 23.1% of total exports), Japan ($257 million, accounting for 12.3%), Australia ($173 million, accounting for 8.27%), Libya ($150 million, accounting for 7.2%) and Saudi Arabia ($138 million, accounting for 6.61%). Thailand ranks first in global canned tuna exports, with a total export value of $2.09 billion. Other major exporters include Ecuador ($1.12 billion), China ($832 million), Spain ($792 million) and the Netherlands ($314 million). The United States is the largest importer of canned tuna, with imports reaching $1.18 billion, accounting for 13.5% of the global market. European countries including Italy, Spain, France and Germany imported a total of $2.82 billion worth of canned tuna, accounting for ...
Source: Foodmate
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.