The freshwater fish demand in Thailand stood at 630.53 thousand metric tons in 2023. Between 2014 to 2023, the industry observed varied trends, starting with a steady increase between 2014 and 2015 (3.12%), a decline in 2016 (-2.97%), consistent but minor growth from 2017 to 2019, followed by a significant drop in 2020 (-16.81%). The market recovered notably in 2021 (14.72%) and continued its modest growth up to 2023 (0.22%). The CAGR between 2019 and 2023 stands at 0.2%, showing a relatively flat average yearly growth over the past five years.
Future trends to watch for include steady and modest growth in demand, with a forecasted CAGR of 0.19% for the next five years. This indicates a stable but slow increase in the market size, suggesting a mature market. Factors to consider include environmental impacts, regulatory changes, and shifts in consumer preferences toward sustainable and locally-sourced fish.