| Product Code: ETC384745 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Thailand import trend for the shellfish market experienced a notable decline from 2023 to 2024, with a growth rate of -43.79%. The compound annual growth rate (CAGR) for the period 2020-2024 stood at -17.85%. This downturn may be attributed to shifts in consumer preferences, changes in trade policies, or market saturation, impacting import momentum in the Thailand shellfish market.
Thailand shellfish market thrives due to its extensive coastline and seafood-rich waters. It includes a wide array of shellfish, such as shrimp, crab, oysters, and clams. The market is a vital source of income for coastal communities and contributes significantly to the country`s seafood exports. Sustainability and responsible fishing practices are becoming increasingly important in this sector.
Thailand shellfish market benefits from its extensive coastline and abundant aquatic resources. Rising consumer awareness of the nutritional benefits of shellfish, such as shrimp and mussels, drives domestic consumption. Simultaneously, the export market for Thai shellfish products continues to expand, fueled by international demand for high-quality seafood. Investment in sustainable aquaculture practices and improved supply chain management further boost the growth of this market.
Challenges in the Thailand shellfish market include the impact of environmental changes on shellfish populations, such as ocean acidification and pollution. Ensuring the safety and quality of shellfish products and addressing sustainability concerns in harvesting practices are significant challenges.
The shellfish market in Thailand, which includes seafood like shrimp and mussels, experienced a decline in demand during the early stages of the pandemic due to reduced exports and restaurant closures. Export-oriented seafood businesses faced challenges in reaching international markets. However, domestic consumption of shellfish products remained relatively stable, with consumers seeking alternative sources of protein. The industry adapted by exploring domestic markets and improving cold chain logistics.
In the vibrant Thai shellfish market, key players include Thai Union Group Public Co., Ltd. and Sea Value Public Co., Ltd. These seafood giants are known for their extensive range of products, including canned and frozen shellfish, catering to both domestic and international markets. Their adherence to strict quality and sustainability standards has made them leaders in the seafood industry.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here