Tridge summary
Thailand was the world's leader in canned tuna exports in 2022, with sales worth $2.262 billion, as reported by Euromonitor and the Thailand Tuna Industry Association (TTIA). The country's fish and seafood market experienced a 7% increase, reaching 1.7 million tonnes. This growth is attributed to a recovery in tourism and a rise in seafood consumption. Thailand's fish and seafood exports, including tuna, sardines, salmon, and mackerel, totaled $2.572 billion, or 0.9% of the country's total exports. The demand for frozen fish is expected to surge due to increased seafood consumption and the expansion of the cold chain. Thailand's well-established distribution network makes it a promising market for the ASEAN region. Despite global supply chain issues, Korean fishery products showed solid growth, reaching a record high of $3.15971 billion in 2022.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Thailand ranks first in canned tuna exports worldwide last year Korea's 5th largest seafood exporter and largest export market for frozen skipjack tuna Prospects for frozen fish market bright due to increased consumption of seafood and expansion of cold chain A well-established online and offline distribution network is promising for market development in the ASEAN region According to global market research firm Euromonitor, Thailand's fish and seafood market sales increased 7% year-on-year to 1.7 million tonnes in 2022, driven by a recovery in tourism and increased seafood consumption. Seafood processing is one of Thailand's major industries, and Thailand imports frozen tuna for canning, processes it, and exports canned tuna to Europe and other countries. Exports of canned tuna also increased significantly in 2022 due to the mitigation of COVID-19, increased utilization of tuna processing plants, and rising prices of skipjack tuna. According to the market research firm Global ...
Source: Fisheco
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