The examination of fish farming production in Thailand reveals fluctuations over the past decade, with notable growth since 2018. By 2023, the production value reached 1027.8 Thousand Metric Tons, showing gradual recovery from previous declines.
Year-on-year variations between 2022 and 2023 showed a modest increase of 1.4%, while the 5-year compound annual growth rate (CAGR) stood at 2.21%. This historical data indicates a trend of stabilization post-2016, with an increase in production levels from 2018 onwards.
Future projections from 2024 to 2028 forecast a continuous rise in output, with a 5-year CAGR projected at 1.03% leading to a cumulative growth rate of 5.25%. By 2028, production is expected to hit 1096.5 Thousand Metric Tons.
Future trends to watch for include advancements in sustainable aquaculture technologies, increased investment, and improvements in supply chain efficiencies. Regulatory factors and environmental policies will also play a crucial role in shaping production dynamics.
