The total aquaculture production in Thailand exhibited fluctuations from 2013 to 2023, starting from 2,956.7 trillion US dollars in 2013 and ending at 3,351.2 trillion US dollars in 2023. The production showed significant declines in the early years but began recovering from 2016 onward, with a strong uptick observed from 2018. The year-on-year growth varied significantly, with notable increases such as 11.54% in 2018 and 7.09% in 2022 while experiencing declines like 5.49% in 2020 and 15.12% in 2013. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.12%, indicating moderate but consistent growth.
Looking into the future, forecasts suggest a steady growth rate, with a projected CAGR of 1.31% over the next five years, leading to a predicted value of 3,629.3 trillion US dollars by 2028. This forecasted growth reflects a cautious optimism in the sector, expecting an overall 6.74% growth from 2023 to 2028.
Future trends to watch for include advancements in aquaculture technology, sustainable farming practices, and changes in global demand and trade policies impacting production and distribution. Monitoring these factors will be crucial for stakeholders aiming to capitalize on upcoming opportunities in the aquaculture industry.
