Shrimps on sale at a wet market in Samut Prakan.(Photo: Somchai Poomlard)
The shrimp industry has become a hot topic for the government after Malaysia suspended imports of Thai shrimp on June 1. Although this trade dispute may soon be resolved following meetings in early July, Thailand's shrimp industry continues to grapple with a longstanding and more significant challenge that has persisted for more than a decade.The Explainer examines the industry's importance to Thailand's economy, the major challenges it faces, and potential solutions to support its sustainable recovery and growth.
How much shrimp does Thailand produce each year?
Ekapoj Yodpinit, president of the Thai Shrimp Association, said Thailand was once the world's largest producer and exporter of shrimp. At its peak in 2010, the country produced 640,000 tonnes of shrimp annually, with exports valued at more than 110 billion baht.
However, following the outbreak of early mortality syndrome (EMS) in 2012, the industry has suffered severe setbacks. Annual shrimp production has fallen to around 270,000-280,000 tonnes, while export value has dropped to about 40 billion baht a year.
