From 2014 to 2023, Thailand's crustaceans production showed notable growth, beginning at 366.75 thousand metric tons in 2014 and reaching 464.14 thousand metric tons in 2023. The period experienced fluctuations, notably with a sharp rise in 2016 (17.76% YoY increase) and a decline in 2020 (-3.78% YoY). The production in 2023 indicates a steady YoY growth of 1.17%, with a 5-year CAGR of 1.27%. Future projections suggest modest growth with a forecasted 5-year CAGR of 0.94%, taking production to 490.72 thousand metric tons by 2028, showing a 4.76% growth over this period.
Future trends to watch for include the impact of sustainable farming practices, shifts in global demand, and potential technological advancements in aquaculture, which might further influence production rates and efficiency.
