From 2013 to 2023, the import of prepared or preserved crustaceans and molluscs to Thailand experienced significant growth, reaching 194.86 million US Dollars in 2023. This period showed fluctuations, with notable spikes in 2017 and steadier increments from 2021 onwards. Year-on-year variations ranged from -22.97% in 2015 to a high of 175.38% in 2017. More recently, growth rates have stabilized, with a 5.57% increase in 2023. The compound annual growth rate (CAGR) over the last five years was 4.66%, indicating moderate growth.
Looking ahead, the forecasted data from 2024 to 2028 suggests continued growth, although at a slower pace with a projected five-year CAGR of 3.83%. Import values are expected to reach 248.05 million US Dollars by 2028. This suggests a more stabilized growth trajectory.
Future trends to watch for include:
- Impact of global economic conditions on import volumes
- Changes in domestic consumption patterns and dietary shifts
- Supply chain disruptions or enhancements
- Regulatory changes affecting seafood imports
