Thailand's Kaitai Research Center says fruit exports will increase in 2023

Fruits

Thailand

Published Aug 17, 2023

Tridge summary

Thailand's fruit export industry saw growth in the first half of 2023, with China being an important export market. However, the second half of the year may bring challenges such as the end of the fruit export season and economic slowdown in major markets like the United States. Climate change also poses risks to fruit production and may affect the international market competitiveness of Thai fruits. Overall, the industry is expected to see a slight increase in fruit export value, with fresh/refrigerated fruits showing growth while canned and processed fruits may experience a reduction in orders. Additionally, the industry will face challenges related to rising labor costs, sustainable trade rules, utility costs, and financial costs. These factors make the operating environment complex and challenging, especially for small and micro enterprises.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Thailand's Kaitai Research Center recently reported that fruit is Thailand's largest export food category, accounting for 35% of Thailand's total food export value. In the first half of 2023, the total export value of fresh/refrigerated/processed fruit reached US$5.5 billion, a year-on-year increase of 10.3 %. The main supporting factor is the return to growth on the basis of a low base in 2022, especially orders from China, an important export market (accounting for 87% of Thailand's total fruit export value in 2022), are growing well after China resumes the opening of border ports. In addition The Ministry of Commerce of Thailand has also expanded the export of Thai fruits to new markets through trade negotiations and active marketing, such as durian to South Korea, grapefruit to the United States and the United Arab Emirates, and longan to India and Indonesia. the Kaitai Research Center expects that in the second half of 2023, Thailand’s fruit export will face various ...

Source: Foodmate