Between 2013 and 2023, the aquaculture production of marine and partly-marine species in Thailand exhibited considerable fluctuations. Initially, production experienced a decline, reaching a low point in 2014. This was followed by a period of slow recovery and moderate growth from 2015 onward. As of 2023, production stood at 574.93 Thousand Metric Tons, reflecting a positive trend over the last five years with a CAGR of 3.01%.
Looking ahead, the forecasted data from 2024 to 2028 indicates a continued upward trajectory but with slower growth. The forecasted 5-year CAGR is 0.31%, signaling a more stable and modest increase in production volume.
Future trends to watch for include:
- Technological advancements in aquaculture practices that can enhance productivity and sustainability.
- Changes in international trade policies and their impact on export opportunities.
- Environmental regulations and sustainable practices that may affect production capacities.
- Market demand shifts driven by consumer preferences towards sustainable and organic products.
