Middle East Conflict Drives Thailand's Canned Tuna Export Boom

[webfact]

Picture courtesy: thansettakij

 

The conflict in the Middle East, notably between Israel and Hamas, has indirectly boosted Thailand's economy, specifically in the canned tuna sector.

 

The country's Ministry of Commerce recently highlighted an impressive upswing in canned tuna exports to the Middle East, credited largely to the ongoing conflict which erupted on 7 October 2023.

 

With escalating tensions and resultant supply chain disturbances within the region, there's a heightened demand for essential foods, including Thai-produced canned tuna.

 

Poonpong Naiyanapakorn, head of the Trade Policy and Strategy Office (TPSO) under the Department of Foreign Trade, reported a significant increase: Thai canned tuna exports to the Middle East surged by 20.73% in the first nine months of 2024, translating to a revenue boost to 65.98 billion baht.

 

Beyond geopolitical influences, several other factors play into this export boom. Economic recovery in major markets such as the United States, Europe, and Australia is steering a global demand resurgence for canned foods, including Thai tuna.

 

Additionally, evolving consumer preferences favouring convenience and health-conscious choices drive further demand. This trend is not limited to traditional human consumption; Thailand is also a leading exporter of pet feeds derived from imported tuna, marking its importance in international tuna supply chains.

 

Thailand's position as a major player in the global tuna trade not only underscores its importance in the food supply chain but also showcases how external crises can create unexpected economic opportunities for certain sectors.

 

As conflicts alter regional demands, countries like Thailand can seize these opportunities to spur economic growth, reported Thai PBS.

 

-- 2024-11-05

 

 

[Gsxrnz]

I thought bragging about war profiteering was not the done thing. 

[MalcolmB]

4 minutes ago, Gsxrnz said:

I thought bragging about war profiteering was not the done thing. 

Pc isn’t the done thing in Thailand, they are realists not ideologists.

Been good for real estate prices also in Pattaya, Phuket with the Russians dodging the Ukraine war.

 

[jippytum]

At a time when tests on tinned Tuna worldwide showed an alarming level of mercury  from 150 different suppliers worldwide. 

not on my shopping list these days

[hotchilli]

2 hours ago, webfact said:

The conflict in the Middle East, notably between Israel and Hamas, has indirectly boosted Thailand's economy, specifically in the canned tuna sector.

Sounds fishy to me.