Thailand Shipping Council Warns Exporters to Prepare for European Unrest Risks

Key summary

Thanakorn Kasetsuwan, President of the Thailand Shipping Council (SRC), warned exporters and the government to prepare plans for risks associated with widespread protests across Europe. On October 24, 2026, he stated that ongoing demonstrations in France and other European countries reflect economic and social pressures including cost of living, energy prices, and concerns over income and public services. He noted that while short-term disruptions might limit trade impact to delays or localized stoppages, prolonged unrest could erode consumer confidence, slow business operations, and reduce purchasing power. The SRC President highlighted that Europe accounts for 7.2% of Thailand's total goods trade in 2025. If European purchasing power weakens due to the situation, some Thai exporters may face reduced orders, intensified price competition, and tougher trade negotiations. However, he cautioned against concluding immediately that European protests alone will cause an overall contraction in Thai exports, as outcomes depend on the duration and severity of the situation alongside orders from other markets. He emphasized that high export growth in 2025 has raised the comparison base for 2026; if Europe slows imports while other markets face pressure, Thai exports could grow below expectations or contract for certain products. The SRC President advised exporters to monitor customer import plans closely, diversify markets and customer bases to avoid over-reliance on any single market, and manage risks related to exchange rates, transport costs, and delivery timelines. He also recommended that both government and private sectors support exporters in accessing new markets while maintaining competitiveness in quality, standards, and reliability.