Deposits
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The Thai canned seafood industry is expected to continue expanding at a low rate from 2025 to 2027.
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Updated the key Industry Indicator: Canned Fish in each industry.By Chaiwat Sowcharoensuk
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Thailand’s Canned Tuna Industry Survival Strategy Amid US Tariff Hikes
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From 2023 to 2025, overall output by the Thai seafood processing industry is expected to contract by between -0.5% and -1.5% annually, with exports predicted to slide at a slightly faster rate of between -1.0% and -2.0% per year. Output will come under pressure from official quotas that will reduce the size of the catch and from the higher cost of inputs, in particular of animal feed and fuel for trawlers. Alongside this, expensive energy will also push up processing costs. Exports will be impacted by falling demand in the industry’s main overseas markets as buyers increasingly turn to cheaper imports from China, Ecuador, and Vietnam, which enjoy trade agreements with many countries
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The Thai processed seafood industry will see annual growth limited to rates of just 1-2% in the period 2019 to 2021 exports
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Industry Horizon July 2025
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IMF sees US and Chinese economic growth to slow down in 2025 but with lower risks of recession; China focused on further stimulus measures
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Global: Edge of Stagflation — Geopolitical shocks begin to bite and continue to unfold
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Cascading economic sudden stops led by the virus crisis
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Global: Protectionism, Risk Prevention, and Precarious Recovery
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