The demand for pelagic fish in Thailand has shown a fluctuating yet generally upward trend from 2014 to 2023. Starting from 0.44661 million metric tons in 2014, the demand peaked in 2023 at 1.09 million metric tons. Key year-on-year changes include a substantial increase in 2016 (61.68%), a steady rise in 2017 (32.57%), and more moderate growth in recent years. The average annual growth rate over the last five years (CAGR) stands at 3.63%, indicating a healthy growth trend.
Forecasts from 2024 to 2028 predict continued growth, with an expected CAGR of 2.58%, reaching 1.28 million metric tons by 2028. This signifies a forecasted growth rate of 13.58% over the next five years.
Future trends to watch for include potential impacts from climate change on fish populations, technological advancements in fishing practices, and shifts in consumer preferences towards sustainable seafood sources. These factors could significantly influence the demand dynamics in the coming years.
