Guide Posts

What are key trends in the Thai shrimp market?

Frozen Common Shrimp & Prawn
By Seujin Jang
Updated Aug 1, 2022
Both exports and production are decreasing in Thailand. Strengthening baht is a problem for exporting shrimp.

1. Both exports and production are decreasing in Thailand due to decrease in demand during the COVID pandemic

2. China drastically increased its imports (200%) since 2018

3. Key obstacle for the shrimp industry in Thailand is the baht, which has strengthened by 11% from 2017, while Indian rupees and Vietnam’s dong (competitors) have weakened

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