The export of frozen shrimps and prawns from Thailand in 2023 stood at 52.33 million kilograms. Based on the forecasted data, we observe a declining trend. From 2024 to 2025, a year-on-year decrease of 11.1% is anticipated. The trend continues with a 12.3% reduction from 2025 to 2026, 13.7% from 2026 to 2027, and 15.6% from 2027 to 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is -11.2%.
Future trends to watch for include changes in global demand for seafood, shifts in trade policies, advancements in aquaculture technologies, and potential impacts from climate change on shrimp farming. Additionally, monitoring currency exchange rates and bilateral trade agreements will provide insights into export potential.
