Wanna Take a Break from Cliché Movies? 4 + 3 TOP THAI Films are then… Calling!
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Thailand, a long-standing leading producer, and net exporter of food is gearing up to provide the world with volume and nutritive quality in a sustainable manner, and to meet global consumer demand for unique tastes with its food of the future offerings.
The country promotes itself as the “Kitchen of the World’ on account of its strength in the food industry, arising from its abundant natural resources, continuing investment in food innovation and commitment to food safety standards. In 2021, Thailand ranked 13th largest food exporter in the world, with exports valued at USD30.5 billion.
Thai products have gained significant popularity among Chinese consumers for many years. In particular, agricultural goods, including highly sought-after fruits like durian, longan, and mangosteen, hold a special place in the hearts of Chinese buyers. Currently, Thai agricultural products exported to China via both road and railway routes contribute to an annual trade value of approximately 100 billion baht.
Following the re-establishment of diplomatic relations between Thailand and Saudi Arabia in 2022, trade between the two nations has seen a significant upswing. Thailand's exports to Saudi Arabia surged by over 20% last year. The Director of the Thai Trade Office in Jeddah, Apichat Prasertsud, shed light on this economic progress.
- Canada is a vital market for Thai premium-grade rice.
- Thai Trade Center promoting Thai rice through “Think Rice, Think Thailand” campaign.
- Thai business should focus on ESG (Environmental, Social, Governance) principles.
As the fourth largest importer of Thai Hom Mali rice, Canada is an important market for Thai rice exports.
According to Wiwan Srirubsukha, Consul Commercial and Director of the Thai Trade Center Toronto, Canada imports more than 400,000 tonnes of rice each year, of which 20% is from Thailand, following the US (51%). More than 75% of Thai rice exported to Canada is either Hom Mali or premium rice.
- Thailand could utilise its soft power from TV and films to penetrate Korean market.
-Korean consumers value BCG (Bio-Circular-Green) products and green packaging.
-The Thai Trade Center has promoted exports through a series of activities.
Thailand’s soft power, such as its TV series and films, could assist exporters to reach the South Korean market, says Chananya Punnarugsa, Minister Counsellor (Commercial) and Director of Thai Trade Center, Seoul, South Korea.
“The use of soft power, such as Thai series and films, is a great tool to promote Thai products and services, including food and goods, as well as culture,” Punnarugsa says.
- Canadian consumers have strong focus on circular economy and sustainability.
- Most consumers are willing to pay more for green packaging.
- Thai Trade Center has promoted Thai food through use of local influencers.
Climate change has affected the world in many ways including changing people’s mindsets and behaviour in many countries, such as Canada, which represents a great potential market for Thailand.
Chayada Sirinukul, Consul Commercial and Director of the Thai Trade Center Vancouver, says Canadian consumers have shifted their behaviour significantly towards the circular economy and sustainability, something which Thai exporters should keep in mind when trading with Canada.