The import of fish, crustaceans, molluscs, and aquatic invertebrates to Thailand has shown significant variation over the years. From 2013 to 2023, the import value experienced both declines and significant increases. Notably, there was a substantial dip of 14.31% in 2014 and another decrease of 14.18% in 2020. However, the market rebounded with notable growth rates such as 19.42% in 2016 and 18.15% in 2021. By 2023, the import value stood at approximately 3.936 billion US dollars, with a year-on-year increase of 2.91%. The compound annual growth rate (CAGR) for the last five years (2019-2023) is calculated at around 2.68%.
Looking ahead, the forecasted data from 2024 to 2028 shows a steady increase in import values. The CAGR for this period is projected to be approximately 2.18%, indicating moderate and stable growth. By 2028, the import value is expected to reach about 4.5063 billion US dollars, showing a forecasted five-year growth rate of 11.4%.
Future trends to watch for include:
- Potential impacts of global supply chain disruptions and trade policies on import volumes.
- Thailand's domestic aquaculture production and its effects on import dependency.
- Shifts in consumer preferences towards sustainable and locally sourced seafood, which may influence import dynamics.
- Technological advancements in logistics and cold chain management that could affect the efficiency and cost of imports.
