Vietnam's tuna exports soar as the industry recovers

Published 2024년 7월 1일

Tridge summary

Thai canned tuna exports experienced a significant growth of over 13% in the first five months of this year, with the export value reaching US$979 million and volume at 221,092 tonnes. This surge is reflected in the pet food industry, with exports valued at $1.07 billion, marking a 37.6% increase year-on-year. The US, Japan, Australia, Libya, and Saudi Arabia are the leading markets for Thai canned tuna. The country's competitive edge lies in its advanced production technology, strategic location, and by maintaining quality control, traceability, and supporting sustainable goals, it can further penetrate new markets in the Middle East and Europe. The Thai government encourages the agricultural sector to adopt modern technologies and practices to ensure global food security.

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Original content

Thai exports of canned tuna grew by more than 13% in the first five months of this year. Poonpong Naiyanapakorn, director-general of the Trade Policy and Strategy Office (TPSO), said the value of canned tuna exports for the period was US$979 million, an expansion of 13.4% year-on-year. Thailand has exported 221,092 tonnes of canned tuna in 2024, up 19.4% year-on-year. Canned tuna is used as a raw material in the production of pet food. In the first five months of 2024, Thailand's pet food exports soared to $1.07 billion, an increase of 37.6% year-on-year, which reflect a recovery for the tuna industry in all product categories in the value chain. In 2023, the top five canned tuna export markets for Thailand were the US with a value of $482 million, accounting for 23.1% of the total, Japan at $257 million (12.3%), Australia $173 million (8.27%), Libya $150 million (7.2%), and Saudi Arabia $138 million (6.61%). The top five exporters of canned tuna are Thailand ($2.09 billion), ...

Source: Bangkokpost