The import of meat, fish, and seafood preparations to Thailand has shown a significant upward trend over the past decade. In 2023, the import value stood at $451.46 million, reflecting consistent year-on-year growth, including a 4.5% increase from 2022 to 2023. This steady rise is evidenced by a compound annual growth rate (CAGR) of 4% over the past five years (2018-2023). The forecasted data suggests continued growth, predicting a CAGR of 2.9% from 2024 to 2028, with an overall forecasted growth rate of 15.39% by 2028.
Future trends to watch for:
- Potential impact of international trade policies and tariffs on import prices.
- Changes in consumer preferences, possibly influenced by health trends and sustainability concerns.
- Technological advances in transportation and storage that may affect import efficiency and costs.
- Developments in regional trade agreements and partnerships.