There are a lot of diverse subsectors and competitive firms in Thailand. The agricultural sector is one of those competitive and diverse sectors. As agriculture occupies the maximum part of the development of Thailand it has provided a lot of job opportunities. Apart from the service sector these factors even play an important role in providing job opportunities and work to the population of Thailand. If compared with the contribution of service sector economic growth of Thailand was much more than that of the agriculture sector
The agricultural sub-sectors and sectors of Thailand contributed a very small part of the gross domestic product of the country. The development has been seen and recognized over the years naturally. The growth process and the schedule may be slow but it has grown to a large extent. Despite the economic mountains that took place in Thailand it has succeeded in becoming a prosperous agriculture society. All this possible only due to the natural wealth and resources of the country starting from diversity in crops and ending with fisheries and farming.
The total acres of land in Thailand is 127 million. Among this whole land, 52% is available and suitable for agricultural activities. The Agricultural Society of Thailand focuses on the cultivation of rice apart from having diverse crop cultivation. Through all this the country has succeeded in preparing the tradition of the country. In the region of Asia, Pacific Thailand has taken its position in the top 10 countries in the production of rice.
Apart from the cultivation of rice in Thailand, much other cultivation has been started. Wheels extended to Cassava, sugarcane, and robber. Apart from these, the major crops include onions garlic potatoes and shallots.
The sub-sectors of livestock in Thailand are smaller if compared to the above-mentioned crop cultivation. From the livestock, category beef occupies a very small part. Buffaloes and cattle where is used mainly for conservation of rice during the past years. With the response to the trends in the food market, the cultivation process faced a betterment after the year 1985.
Thailand is considered to be the second-largest and significant economy and tourist destination respectively. A lot of customers are attracted to the place and you do this the market is being forced to import beverages and foods overseas. The educated people middle-class people and an upper-income class of people in Thailand are demanding fresh food items. This has taken place oh what the past few years due to urbanization.
When it comes to fresh food items and high-quality food items the price becomes the showstopper on the key factor. Are you aware of the customer-driven market in Thailand? Bangkok is is the answer because of the increased tourism and people with higher incomes are demanding higher quality food items.
Thailand is the leading supplier of food and Agricultural Products. These Agricultural Products are processed washed and then converted into delicious food items. This is what actually food processing means. 10% of the total GDP of Thailand is added by the agricultural sub-sector of the country. About 50% of the total population is employed as labor in the industries.
The export food items from Thailand include meat rice vegetable sugar fruits and seafood products. Apart from this Thailand is also the largest supplier of meat chicken and frozen shrimp worldwide. food and beverages as demanded by the customers and tourists of Thailand led to the import of soybean dairy products. Due to this, the consumption of soybean by people is increasing daily.
Investment policies have been turned down due to political instability and the downturn of the economy. This resulted in less import-export of food items and equipment. This even led to a decrease in the production of food grains in the locality.
FDI across the factors of Thailand
- The automotive sector- total FDI is 1.949 billion dollars
- For the petrochemical sector- total FDI is 1.058 billion dollar
- For the electrical sector total, FDI is 1.76 billion dollar
- Textile sector total FDI is 0.369 billion dollar
The Government of Thailand- stepping towards agro-processing
The Thai government has lately announced about a new model. This model has been introduced for increasing business prospects in Thailand. The government is enhancing this so that the business sectors in Thailand can cope up with the dynamic environment of the business in the 21st century. “Thailand 4.0” is the name of the model that is introduced by the government of Thailand.
This model includes 5 main Industries including food agriculture and Biotechnology. This also includes the significance and purpose of incorporating the business into the process of the food production chain. This supply chain connects every sector and country and includes processing packaging storing marketing and distribution.
Every e busy market globally contents all products of the Agricultural sector of Thailand on their shelves. Starting from seafood and ending to energy drinks each and everything is produced maximum by Thailand. The location of the country is at the heart of Asia. This is the reason why it is a perfect path for 360 million population to earn their living and get maximum attention.
If there are any upcoming projects regarding fruit and package vegetables, Robber science, the process of extracting bioactive ingredients, food supplements, and biofuel manufacture then the incentives are compelling. Which country has various advantages as it contributes to the exports in comparison to the other countries of Southeast Asia.
The gross domestic product from aquaculture and fisheries in Thailand during the year 2018 is 108.79bn Thai baht. The import value of the 2018 fish products of the country was 88.82bn Thai baht. With the economic declaration in Thailand, there has been marketing and Research implementation in the agricultural sector.
The important or significant key figures of agriculture in the country of Thailand are:
Livestock in the county
- Poultry production (2018) was 1.94mn tons
- Cattle production (2017) was 4.68mn heads
- Pig production (2017)was 7.87mn heads
Aquaculture in the country of Thailand
- Import fish product volume (2018) was 995.56 tsd tons