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.