The situation in the Middle East has led to a sharp increase in global demand for canned tuna and a rise in prices for raw materials

Published 2024년 11월 6일

Tridge summary

Thailand has experienced a significant increase in canned tuna exports to the Middle East, with a 20.7% rise to 65.98 billion baht (US$1.96 billion) from January to September 2024, as reported by the Thai Ministry of Commerce. This growth is attributed to both conflict-induced demand and market expansion in countries like Saudi Arabia. Furthermore, the demand for Bangkok tuna has surged, reaching a high of US$1,530-1,540 per tonne, due to increased global demand for canned goods and a decrease in catches in the Asia-Pacific region, signaling a tight supply situation.

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Original content

Thailand increased its canned tuna exports to the Middle East by 20.7% from January to September 2024 to 65.98 billion baht (US$1.96 billion), according to the Thai Ministry of Commerce. The trend is influenced by both conflict-driven demand and rapid market growth in countries such as Saudi Arabia. In addition, the Bangkok tuna price reached a high of US$1,530-1,540 per tonne due to strong demand and reduced catches in the Asia-Pacific region, indicating a tight supply situation. The rise in canned tuna ...

Source: Fishretail