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Monday, April 29, 2024

Thailand’s fruit exports projected to increase by 4% in 2024

Picture courtesy of Bangkok Post

Expectation for a 4% increase in the volume of fresh and processed fruit exports this year has been projected by the Commerce Ministry, driven by a strong demand. Commerce Minister Phumtham Wechayachai, after a meeting with ministry officials and fruit-related representatives, expressed optimism about fruit exports. The ministry predicts a 4% increase in both volume and value of fresh and processed fruit shipments, with an anticipated total of 4.19 million tonnes worth 300 billion baht (US$ 8,703,855,000).

Forecasts for fresh fruit exports alone indicate a 4% volume increase to 2.1 million tonnes, and an expected 5% increase in value to 175 billion baht (US$ 5,077,248,750). Notably, China is the principal market, accepting 75% of total exports, followed by the US, Malaysia, and Hong Kong.

Data from the ministry reveals that in the first 11 months…

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