The fisheries exports in Thailand amounted to $4.67 billion in 2023, marking a continuous decline from $6.48 billion in 2013. Year-on-year variations show a general trend of decreases, with minor fluctuations. Over the past decade, the decline has been somewhat erratic, but the overall trend remains downward.
The last two years saw exports decrease by approximately 1.92% (2021 to 2022) and 1.91% (2022 to 2023). The compound annual growth rate (CAGR) indicates an average annual decline of 2.86% over the last five years.
Looking towards the future, a 5-year CAGR forecast of -1.47% suggests a slower but still steady decline, forecasting a 7.15% total decrease by 2028. Factors contributing to this trend include potential decreases in fish stocks, regulatory changes, and shifts in global demand.
Future trends to watch for:
- Global regulations on fishing practices
- Climate change impacts on fish populations
- Technological advancements in sustainable fisheries
- Shifts in international trade policies and demand
