The aquaculture production of marine and partly-marine species in Thailand has shown varying trends between 2013 and 2023. The value decreased from 1.97 billion USD in 2013 to 1.73 billion USD in 2014, and continued to decline until 2015. However, it rebounded in 2016 and steadily increased until 2019, reaching 1.99 billion USD. Between 2020 and 2023, the value stabilized around 1.9 billion USD.
Key Year-on-Year variations:
- From 2019 to 2020, a decline of -4.96%
- From 2020 to 2021, a slight increase of 0.015%
- From 2021 to 2022, a decrease of -0.012%
- From 2022 to 2023, a decline of -0.011%
The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) shows a slight negative trend at -0.87% per year. The forecast data from 2024 onwards indicates that the value will remain relatively flat at approximately 1.89 billion USD, with a forecasted 5-year CAGR of -0.01%.
Future trends to watch for:
- Technological advancements in aquaculture practices
- Impact of climate change on marine species production
- Government policies and subsidies aimed at increasing production
- Shifts in global demand for marine and partly-marine species
