According to data from the Kaitai Research Center, Thailand’s fisheries exports will be US$5.47 billion in 2020, a decrease of about 2.7%. Thai fishery products are mainly divided into fishery products and processed seafood. Exports of fishery products have shrunk, but benefited from the good growth in consumer purchases and hoarding of processed seafood during the blockade.
At the end of 2020, a new round of new crown epidemic in Thailand first broke out in Longzaicuo Province, which is the production base of Thailand’s fishery products, and fishery products in 2021 will inevitably be affected. It will affect the confidence of trading partners in Thai fishery products in the short term. Some factory employees are infected with the new crown virus and have to temporarily suspend production, which affects the delivery of orders. To this end, manufacturers have taken measures to prevent seafood pollution, and government departments have also issued certificates to exporters who have evaluated the preventive measures well and comply with the regulations, which will help increase the confidence of trading partners in Thai products.
Kaitai Research Center predicts that the export of Thai fishery products in 2021 will be USD 52-5.44 billion, a contraction of between 5%and 0%.