Forecast: Crustaceans Export Volume in Thailand

The crustaceans export volume in Thailand demonstrated an overall positive trend from 2014 to 2023, rising from 300.5 thousand metric tons to 384.28 thousand metric tons. The year 2020 experienced a noticeable dip due to possibly external factors, with a year-on-year decrease of 15.86%. However, recovery ensued in subsequent years, with 2021 and 2022 exhibiting 15.97% and 6.61% year-on-year growth respectively. The five-year compound annual growth rate (CAGR) from 2019 to 2023 stood at 1.27%.

Looking ahead, the forecast indicates a consistent growth in crustaceans export volume, reaching 407.74 thousand metric tons by 2028. The forecasted five-year CAGR from 2023 to 2028 is estimated at 0.99%, projecting a total growth rate of 5.06% over this period.

Future trends to watch for include:

  • Potential impacts from environmental factors, such as climate change and marine biodiversity shifts.
  • Regulatory changes affecting trade policies and fishing quotas.
  • Technological advancements in aquaculture and sustainable fishing practices.
  • Shifts in global demand patterns due to economic and dietary trends.

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