Thailand Shrimp and Prawn Production and Export Trends 2023

This report provides an analysis of the production and export trends of Thailand's shrimp and prawn industry for the year 2023. It outlines the historical context of the industry, noting that Thailand was once the leading global exporter of shrimp but has seen a significant decline in production due to disease outbreaks and increased competition from countries like India and Ecuador. The report details the current state of shrimp production, indicating that it has dropped to less than half of its peak production levels, with a notable portion of shrimp being exported as frozen products. It discusses the challenges faced by Thai shrimp producers, including high production costs and uncompetitive pricing in the global market. The report also highlights efforts by the Thai government to restore production levels and improve export competitiveness. Additionally, it examines the trends in frozen shrimp exports, particularly to the United States, where Thailand's market share has diminished significantly in recent years. The report concludes with an outlook for the industry, suggesting potential recovery as market conditions improve.