Five Thai Products Hold the Largest Market Share in the World Market

Five Thai products held the No. 1 market share in the world market in 2022. They include durian, tapioca, condoms, canned pineapple, and canned tuna.

According to the Trade Policy and Strategy Office, Ministry of Commerce, Thailand exported fresh durian worth 3,219.42 million US dollars, representing a global market share of 93.3 percent. Major markets include China, Hong Kong, and Taiwan.

Thai tapioca exports were valued at 1,523.80 million dollars, accounting for 46.5 percent of the global market share. China is the major market. As for Thailand’s condom exports, they were valued at 272.26 million dollars, accounting for 44 percent of the world market share. China was the largest importer, followed by the United States and Vietnam. Since Thailand is the world’s largest natural rubber producer, this has contributed to its condom exports.

Thailand exported canned pineapple worth 469.69 million dollars last year, and this product had a global market share of 36.4 percent. Major markets include the United States, Russia, and Germany. Canned tuna exports from Thailand were valued at 2,284.21 dollars, representing a share of 24.8 percent in the world market. The largest market was the United States, followed by Japan and Australia.

Thailand now ranks 13th among the world’s largest producers and exporters of agricultural products. Statistics show that Thai agricultural exports have enjoyed strong growth in the international market and are likely to continue to increase following the relaxation of COVID-19 measures in the country and overseas.

Thai agricultural exports also have bright prospects, as the Government has promoted the transport of Thai agricultural products to China through the Thailand-China-Laos Railway. This provides great opportunities for Thailand to export more to China, which is one of its major markets.

The Ministry of Agriculture and Cooperatives has adopted five strategies for agricultural development, namely (1) the "market leads production” approach, (2) agricultural technology 4.0, (3) "3S” (safety, stability, and sustainability), (4) sustainable agriculture, and (5) integrated operations with all sectors in a proactive manner.

 


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