Post by account_disabled on Dec 28, 2023 3:59:43 GMT
Food industry organizations reveal that in 2019, Thailand's food exports shrank 2% for the first time in 5 years, but the world ranking improved, moving to 11th place from the depressed global economy and the strong baht, with Thailand's exports to China being the number 1 market. 1 For the first time in history, the value exceeded 150 billion baht, replacing the CLMV market. It is expected that the trend in 2020 will be exports in the form of US dollars to grow 5.4%. Mrs. Anong Paichitpraphaphon The director of the Food Institute revealed that in 2020 it is expected that food industry exports in US dollars will be worth approximately 34.9 billion US dollars.
Expanded by 5.4% from 2019. As for B2B Email List export value in baht terms, it still depends on the direction of movement of the baht value, in which case the baht strengthens at the level of 29.30 baht per US dollar. Exports have a chance of shrinking by 0.3%. Export value is in the range of 1.02 trillion baht, but if the baht weakens to the level of 30.40 baht per US dollar. Exports will expand by 3.5%, export value will reach 1.06 trillion baht. For 2019, Thailand's food industry index decreased by 2% for the first time in 5 years. Production capacity utilization was at 57.8%, a decrease from the previous year's capacity utilization of 58.7% due to domestic consumption weakening in line with the economic situation.
Household income decreased Inflation rate is increasing In addition, exports decreased in line with the global economic slowdown. There is also an impact from the strengthening of the baht that affects the export price of food products and affects income into the country. Exports totaled 1.02 trillion baht, shrank by 3.8% but expanded slightly by 0.2% in dollar terms, with a value of 33.1 billion US dollars. China has become Thailand's No. 1 food export market for the first time in history. Instead of the CLMV countries, Thailand exported food products to China worth 150,749 million baht, an increase of 34%, while Thai exports when compared with competing countries in the world's top 20 Most of the exports decreased, causing Thailand's ranking of the 20th world food exporting countries in 2019 to improve to 11th from the previous ranking of 12th in the world.
Expanded by 5.4% from 2019. As for B2B Email List export value in baht terms, it still depends on the direction of movement of the baht value, in which case the baht strengthens at the level of 29.30 baht per US dollar. Exports have a chance of shrinking by 0.3%. Export value is in the range of 1.02 trillion baht, but if the baht weakens to the level of 30.40 baht per US dollar. Exports will expand by 3.5%, export value will reach 1.06 trillion baht. For 2019, Thailand's food industry index decreased by 2% for the first time in 5 years. Production capacity utilization was at 57.8%, a decrease from the previous year's capacity utilization of 58.7% due to domestic consumption weakening in line with the economic situation.
Household income decreased Inflation rate is increasing In addition, exports decreased in line with the global economic slowdown. There is also an impact from the strengthening of the baht that affects the export price of food products and affects income into the country. Exports totaled 1.02 trillion baht, shrank by 3.8% but expanded slightly by 0.2% in dollar terms, with a value of 33.1 billion US dollars. China has become Thailand's No. 1 food export market for the first time in history. Instead of the CLMV countries, Thailand exported food products to China worth 150,749 million baht, an increase of 34%, while Thai exports when compared with competing countries in the world's top 20 Most of the exports decreased, causing Thailand's ranking of the 20th world food exporting countries in 2019 to improve to 11th from the previous ranking of 12th in the world.