Browse Data and Analysis

Thailand's beef market offers significant growth potential for U.S. beef exports, particularly in the frozen beef segment. U.S. frozen boneless beef has grown by 24% from 2018 to 2023, reaching a total export volume of 1,083 tons in 2023.

The report outlines the Department of Livestock Development's regulation on the criteria, methods, and conditions for certifying animals developed using genome editing technology. This regulation enables Thailand to access new animal breeds, enhancing the country's ability to improve livestock production and address challenges related to food security and sustainable agriculture.

FAS Bangkok (Post) expects chicken meat production to increase slightly in 2024 due to limited supplies of day-old chicks and the slow recovery in domestic consumption amid strong export demand.

Vietnam offers abundant opportunities for exporting consumer-oriented products, despite the challenges of recovering from the COVID-19 pandemic and dealing with high inflation. The Vietnamese economy is poised for significant expansion in the coming decades. With a burgeoning population and a growing middle class, Vietnamese consumers are becoming more discerning about the origin and composition of their food.

FAS Bangkok estimates Thailand’s chicken meat production to marginally increase in 2023 amid a surge in exports, a slow recovery in the tourism sector and high feed costs.

Spain’s swine sector expects a continued downward trend in swine and pork production in 2023 and 2024 to slightly less than 5 million tons of pork and below 55 million heads slaughtered.

Spanish cattle production may continue to decrease in 2023 due to high production costs, expected reduction of Spanish live cattle exports to non-EU markets, and the severe drought experienced in Spain since fall 2022 that has impacted cattle feed.

FAS Bangkok forecasts that growth in chicken meat production and consumption will be 2-3 percent in 2022 and 2023. The anticipated slow recovery in domestic consumption and high production costs caused by supply disruption on feed grains and day-old chicks will keep the growth rate below the pre-pandemic average annual growth rate.