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However, since the outbreak of the new crown epidemic , there have been several violent fluctuations in international dema.
In 2020, canned tuna, as a hoarding commodity, was snapped up by European and American consumers; in 2021, the epidemic eased and the catering industry opened, resulting in a decline in sales; when the Ukrainian war broke out in 2022, the demand for canned tuna rebounded aga.
Chanintr Chalisarapong, chairman of the Thai Tuna Association (TTIA), told UCN: "We believe that canned tuna is a product that protects against risks, especially when there are social problems, people will buy .
This is the essence of canned produc.
We also It can be seen that when there is an inflation risk in the world, people are also eating more tuna produc.
"
This is the essence of canned produc.
We also It can be seen that when there is an inflation risk in the world, people are also eating more tuna produc.
"
Chalisarapong predicts that Thailand 's export volume will increase by about 10% this year, reaching 600,000 tons, mainly sold to the US market, especially in the second and third quarters, Thailand's export volume will increase significant.
On the other hand, the Western Pacific will enter the FAD (fishing gathering device) fishing moratorium in July, and the supply of raw materials will usually decli.
But Chalisarapong believes that Thailand will be able to cope with the pressure on raw materials this year, as China's Yangtze River Delta (especially the Ningbo region) remains under lockdown and demand is very we.
But Chalisarapong believes that Thailand will be able to cope with the pressure on raw materials this year, as China's Yangtze River Delta (especially the Ningbo region) remains under lockdown and demand is very we.
“Because of labor shortages and some other operational hurdles, the processing plants in China are not able to operate at full capacity, so some of the raw materials will be diverted from China to Thaila.
So we have seen a drop in raw material prices recently, which is good for Thailand (canners), We are fortunate that even with high fuel costs, we still believe that feedstock supply will not be an iss.
”
So we have seen a drop in raw material prices recently, which is good for Thailand (canners), We are fortunate that even with high fuel costs, we still believe that feedstock supply will not be an iss.
”
Affected by inflation and rising fuel prices, raw tuna prices in Thailand once rose to around $1,900/t in April, but have now fallen back to around $1,600.
“We forecast oil prices to remain high, above $100 per barr.
If tuna prices are low, I am afraid many fishermen will be unprofitable, and we think the $1,500-$2,000/t range is a reasonable lev.
”
If tuna prices are low, I am afraid many fishermen will be unprofitable, and we think the $1,500-$2,000/t range is a reasonable lev.
”
Thai canning factories also have their own difficulti.
The price of raw materials began to rise at the beginning of the ye.
The Ukrainian war has caused the global supply of vegetable oil to be tight, and the cost of canned production is spiraling upwa.
"The predicament of some small factories is even more seve.
They may not be able to bear the raw material price of $1,900.
The big factories have fixed sales channels, occupy a place in developed markets such as the United States, Japan and Australia, and have the ability to adjust their sal.
"
The price of raw materials began to rise at the beginning of the ye.
The Ukrainian war has caused the global supply of vegetable oil to be tight, and the cost of canned production is spiraling upwa.
"The predicament of some small factories is even more seve.
They may not be able to bear the raw material price of $1,900.
The big factories have fixed sales channels, occupy a place in developed markets such as the United States, Japan and Australia, and have the ability to adjust their sal.
"
Taking into account the general increase in global meat protein prices, Chalisarapong believes that Thai canned food has the ability to pass the cost pressure to the downstre.
In addition, some consumers will opt for relatively inexpensive ready-to-eat items such as canned tuna due to shortages of vegetable oil and high gas and electricity pric.
In addition, some consumers will opt for relatively inexpensive ready-to-eat items such as canned tuna due to shortages of vegetable oil and high gas and electricity pric.
TTIA forecasts that raw tuna prices are likely to rebound to the $1,800/t range if Chinese demand recovers in the second half of the ye.
Thailand's tuna sales are likely to be around $6 billion this year, up 5 percent from last ye.
The US will be the main export market for Thai canned food, followed by Japan, Australia and New Zeala.
Demand in Middle Eastern countries is expected to grow substantially, and rising oil prices will increase the purchasing power of Middle Eastern countries; some Asian countries restrict food exports, but Thailand does n.
Thailand's tuna sales are likely to be around $6 billion this year, up 5 percent from last ye.
The US will be the main export market for Thai canned food, followed by Japan, Australia and New Zeala.
Demand in Middle Eastern countries is expected to grow substantially, and rising oil prices will increase the purchasing power of Middle Eastern countries; some Asian countries restrict food exports, but Thailand does n.
