The pelagic fish market in Thailand experienced notable fluctuations in volume over the past decade, with notable dips in 2015 (-5%) and 2020 (-14.21%) and significant peaks in 2016 (61.68%). From 2021 onwards, the market has seen a steady positive trend, with the volume reaching 884.12 thousand metric tons in 2023, reflecting a year-on-year increase of 2.88%. The compound annual growth rate (CAGR) for the last five years stood at 3.09%, indicating a consistent upward trend in the market.
Looking ahead, the forecasted data projects a continued increase in the pelagic fish market volume, with a CAGR of 2.16% over the next five years. By 2028, the market volume is expected to reach 1,010.0 thousand metric tons, representing a total growth of 11.29% from 2023. Future trends to watch include potential impacts of environmental policies, sustainability practices, and shifts in consumer demand patterns, which could influence market dynamics.
