Based on the provided forecast data, fish body oil production in Thailand is expected to decline steadily from 2024 to 2028. Starting at 5.1 thousand metric tons in 2024, the production is projected to decrease to 1.29 thousand metric tons by 2028. Year-over-year variations reveal a trend of declining production, reflecting -19.41% from 2024 to 2025, -23.35% from 2025 to 2026, -29.84% from 2026 to 2027, and -41.63% from 2027 to 2028. The compound annual growth rate (CAGR) over this forecast period is -29.54%, indicating an average annual decline nearly 30%.
For future trends, pay attention to factors such as environmental policies, sustainability concerns, and technological advancements in production methods, which may further influence the decline or prompt recovery in fish body oil production. Additionally, market demand shifts, competition from alternative sources, and international trade regulations may also impact the production trends in Thailand.
