In 2023, the import value of prepared or preserved shrimps and prawns to Thailand stood at 34.826 million US dollars. Forecasted data from 2024 to 2028 suggests a consistent upward trend. Year-on-year percentage growth is observable as follows: an increase of 5.5% from 2024 to 2025, 4.9% from 2025 to 2026, 4.6% from 2026 to 2027, and 4.3% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over these five years is approximately 4.5%.
Future trends to watch for:
- Global market fluctuations in seafood prices.
- Changes in trade policies or tariffs impacting international seafood trade.
- Shifts in consumer preferences towards sustainable and locally-sourced seafood.
- Advancements in food preservation technologies reducing costs and enhancing efficiency.