Forecast: Seafood Exports to Thailand by Singapore

In 2023, the seafood exports from Singapore to Thailand stood at $225.51 thousand. The forecasted data from 2024 to 2028 indicates a consistent year-on-year decline. By 2025, the export value is expected to decrease by 8.8% to $205.65 thousand. This downward trend continues with a 9.5% reduction in 2026, bringing the value to $186.19 thousand. In 2027, a further 10.2% decline is anticipated, resulting in $167.12 thousand, followed by an 11.3% drop in 2028 to $148.42 thousand. The compound annual growth rate (CAGR) over this five-year period suggests an average annual decrease of approximately 8.5%.

Future trends to watch for include:

• Shifts in demand for sustainable and eco-friendly seafood options.
• Potential changes in trade policies and tariffs between Singapore and Thailand.
• Economic factors in both countries that could influence trade volume and value.
• Technological advancements in aquaculture and seafood processing.
• Impacts of global geopolitical developments on trade dynamics.