## Company Profile EAST-WEST LOGISTICS CO.,LTD. — Thailand-based freight forwarder. (Lead category: freight_forwarder.) Public lead materials point to a forwarder running international sea/air/land forwarding, customs clearance, warehousing and project cargo services for Thai exporters and importers (site pages list “projects” and international forwarding). No public revenue/scale data in the lead record. The company sits in Thailand’s export logistics ecosystem (Eastern Seaboard/Laem Chabang + BKK air links implied) and likely serves agro-food (seafood/shrimp, rice), electronics and automotive/parts shippers. ## Pain Points 1) Freight volatility & booking risk: 2026 Red Sea/Suez disruptions + blank sailings have pushed spot ocean premiums and created ad‑hoc port omissions from Laem Chabang; EWL’s exporter customers face canceled bookings, longer transit times and sudden cost uplifts — they need fast market alternatives or buyer matches to avoid lost sales. 2) Exporters under margin pressure (seafood/agro): Thai shrimp and some seafood exporters face price competition from Ecuador/Indonesia and tariff headwinds, squeezing margins. These clients need access to new buyers (value‑added, niche markets) and verified demand — a service many forwarders don’t currently provide. 3) Capturing nearshoring opportunity (electronics/auto): Thailand’s export rebound (Q1 2026 +17.8% YoY) means more manufacturers need export market entry, buyer sourcing and integrated logistics for higher‑value goods (hazmat batteries, JIT auto parts, time‑sensitive electronics). EWL risks leaving revenue on the table if it only sells freight rather than buyer‑matching + market‑entry services. ## Intel Summary === MULTI-DIMENSION RESEARCH === === 1. [COMMODITY TRENDS] Thailand shrimp & seafood export trends, demand & prices 2026 (US / EU / China) === **Overall shrimp & seafood context 2025–2026** - Global shrimp trade in 2024 saw imports down **1.6% in volume** and **5.9% in value**, with flat or lower consumption in top markets US and China; prices in 2025 were broadly “balanced” with supply after the steep 2023–early‑2024 correction. ([fao.org](https://www.fao.org/in-action/globefish/species-analysis/shrimps/en?utm_source=openai)) - Rabobank’s aquaculture/seafood outlook for early **2026** notes **resilient demand and relatively firm prices** despite macro uncertainty, tariff changes and supply constraints in several species; late‑2025 stock‑building in Europe may cap further import growth into 2026. ([seafoodsource.com](https://www.seafoodsource.com/news/aquaculture/resilient-demand-propping-up-seafood-prices-as-early-2026-supplies-tighten-rabobank-reports?utm_source=openai)) **Thailand shrimp export outlook 2026 (value, volume, prices)** - KASIKORN Research (KResearch) projects **Thailand’s shrimp export value in 2026 at about USD 1.075 billion**, a **3.6% YoY decline**, marking the **4th consecutive year of contraction**. Drivers: - Weak shrimp demand in key partners due to sluggish economies and weaker purchasing power. - **Reciprocal tariffs** taking full‑year effect in 2026. - Strong competition from Ecuador and Indonesia, which have lower production costs. ([kasikornresearch.com](https://www.kasikornresearch.com/en/analysis/k-econ/business/Pages/Shirmp-Export-CIS3628-KR-2025-12-04.aspx?utm_source=openai)) - KResearch stresses that Thai shrimp is structurally high‑cost versus competitors; Thailand’s limited ability to grow production **constrains volume growth**, so competition increasingly shifts to **price**, pressuring margins. ([kasikornresearch.com](https://www.kasikornresearch.com/en/analysis/k-econ/business/Pages/Shirmp-Export-CIS3628-KR-2025-12-04.aspx?utm_source=openai)) - A joint April 2026 submission by Shrimp Alliance & ASPA to USTR, reviewing global shrimp, notes global benchmark prices (inflated to Feb‑2026 dollars) at around **USD 10.5/kg vs. 7.6/kg** in an earlier period, illustrating how current global prices, while off peaks, remain historically elevated. (These are global benchmarks, not Thailand‑specific, but frame price levels.) ([shrimpalliance.com](https://shrimpalliance.com/wp-content/uploads/2026/04/SSA-And-ASPA-USTR-2026-0067-00126406-CAT-14354-Public-Document.pdf?utm_source=openai)) **Key markets and demand signals (US, EU, China)** Global shrimp demand patterns from FAO GLOBEFISH, S&P Global and Rabobank imply: - **United States** - 2024–2025: US shrimp demand was flat to slightly down vs. prior year; inflation and post‑pandemic destocking dampened imports. ([fao.org](https://www.fao.org/in-action/globefish/species-analysis/shrimps/en?utm_source=openai)) - For 2025–2026, S&P Global characterizes US demand as **stable but price‑sensitive**, with buyers switching origins based on tariffs and offers. ([spglobal.com](https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/120825-commodities-2026-shrimp-markets-to-see-mixed-trends-as-ecuador-exports-rise-india-navigates-tariffs?utm_source=openai)) - Thai shrimp faces tariff and cost disadvantages compared with Ecuador/India in commodity frozen product; Thai exporters therefore rely more on **value‑added, processed shrimp** to the US, which mitigates but does not eliminate pressure from cheaper origins (inferred from KResearch’s high‑cost positioning and global origin shifts). ([kasikornresearch.com](https://www.kasikornresearch.com/en/analysis/k-econ/business/Pages/Shirmp-Export-CIS3628-KR-2025-12-04.aspx?utm_source=openai)) - **European Union** - Europe absorbed some volumes diverted away from the US through 2025, but end‑2025 stock‑building means **2026 import growth may slow**, with stable but not surging consumption. ([seafoodsource.com](https://www.seafoodsource.com/news/aquaculture/resilient-demand-propping-up-seafood-prices-as-early-2026-supplies-tighten-rabobank-reports?utm_source=openai)) - EU shrimp prices around **USD 5/kg** for many cold‑water imports remain structurally lower than warm‑water farmed shrimp prices, but for warm‑water species (vannamei, black tiger) the EU still behaves as a premium, specification‑heavy market. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Marine_shrimp_farming?utm_source=openai)) - For Thailand, the EU remains important for **prepared and preserved seafood (HS 1605)** and higher‑value cooked/peeled shrimp; price competition is intensifying as Ecuador and India push more to EU when US conditions tighten. ([kasikornresearch.com](https://www.kasikornresearch.com/en/analysis/k-econ/business/Pages/Shirmp-Export-CIS3628-KR-2025-12-04.aspx?utm_source=openai)) - **China** - FAO notes **consumer demand for shrimp in China in 2024 was flat or lower vs. 2023**. ([fao.org](https://www.fao.org/in-action/globefish/species-analysis/shrimps/en?utm_source=openai)) - S&P Global and other analysts expect China to remain a **key incremental buyer** of shrimp in 2025–2026, but with heavier focus on low‑cost supplies from Ecuador; Thailand’s higher production costs limit growth in undifferentiated frozen exports, though there is some demand for **premium, safe‑origin and processed items** (inferred from price competitiveness issues and Ecuador export surge). ([kasikornresearch.com](https://www.kasikornresearch.com/en/analysis/k-econ/business/Pages/Shirmp-Export-CIS3628-KR-2025-12-04.aspx?utm_source=openai)) **Seafood more broadly (beyond shrimp)** - Thailand’s wider seafood export basket (tuna, canned seafood, cephalopods, etc.) still benefits from **overall global seafood price resilience** into early 2026, with Rabobank noting that resilient demand underpins prices despite tighter supplies for several species. ([seafoodsource.com](https://www.seafoodsource.com/news/aquaculture/resilient-demand-propping-up-seafood-prices-as-early-2026-supplies-tighten-rabobank-reports?utm_source=openai)) - Thai official industrial outlook for 2026 (Office of Industrial Economics) expects food manufacturing exports (including seafood) to **continue expanding from 2025 levels**, helped by rising global demand, though specific growth rates by product (shrimp vs tuna vs others) are not broken out in the summary. ([oie.go.th](https://www.oie.go.th/assets/portals/1/files/monthly_report/anualreport2025_outlookfor2026.pdf?utm_source=openai)) **Implications for 2026** - **Volumes**: Thailand’s shrimp export volumes are likely flat to slightly down, consistent with the projected **‑3.6% value** decline under a competitive, price‑pressured environment. ([kasikornresearch.com](https://www.kasikornresearch.com/en/analysis/k-econ/business/Pages/Shirmp-Export-CIS3628-KR-2025-12-04.aspx?utm_source=openai)) - **Prices**: Global shrimp prices in early 2026 are **not collapsing**; they remain historically elevated relative to early‑2020s lows, but exporters are constrained by buyer resistance and competition from Ecuador/India. ([seafoodsource.com](https://www.seafoodsource.com/news/aquaculture/resilient-demand-propping-up-seafood-prices-as-early-2026-supplies-tighten-rabobank-reports?utm_source=openai)) - **Market mix**: US and EU remain high‑value outlets but are **no longer growth engines**; China’s role is focused on low‑cost volumes from cheaper origins. Thai strategy increasingly revolves around **value‑added, certified, and niche products** to defend share in US/EU, plus selective sales into higher‑income Chinese coastal markets. **Sources – Commodity Trends** KASIKORN Research (Thai shrimp exports 2026); FAO GLOBEFISH shrimp analysis; Rabobank seafood outlook 2026 via SeafoodSource; S&P Global 2026 shrimp market outlook; Shrimp Alliance / ASPA USTR submission April 2026; Thailand OIE 2025–26 food industry outlook. ([kasikornresearch.com](https://www.kasikornresearch.com/en/analysis/k-econ/business/Pages/Shirmp-Export-CIS3628-KR-2025-12-04.aspx?utm_source=openai)) === 2. [MARKET EVENTS] SEA container & air freight rates 2026 — Thailand → US / EU / China, capacity, routing & Red Sea === **Global container rate backdrop entering 2026** - S&P Global’s 2026 ocean freight outlook notes record **2.1–2.4 million TEU of new vessel capacity** being delivered in 2026, placing **downward structural pressure on rates**. Drewry’s World Container Index fell to about **USD 1,959/FEU in early Feb 2026**, down sharply from >USD 5,000/FEU peaks during the 2024 Red Sea crisis spike. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - A 2026 container rate forecast (MetricRig) still anticipates **continued volatility**; if Suez/Red Sea security normalizes in H2 2026, excess capacity would accelerate rate declines on Asia–Europe lanes. ([metricrig.com](https://metricrig.com/answers/container-shipping-rates-forecast-2026?utm_source=openai)) **Red Sea / Suez routing impacts (including on Thailand)** - A 2026 Red Sea crisis update estimates that, relative to a no‑crisis baseline, **Asia–Europe rates are 25–40% higher**, **Asia–US East Coast 15–25% higher**, and **Asia–US West Coast 5–10% higher**, with a typical 40’ container to US East Coast seeing an **extra USD 800–1,500** in freight plus higher insurance costs. ([suaidglobal.com](https://suaidglobal.com/insights/red-sea-shipping-crisis-2026/?utm_source=openai)) - Reddit‑sourced China maritime weekly reports (widely recirculated in the forwarding community) describe carriers suspending Red Sea transits, limiting bookings for Middle East/Red Sea ports, and pushing Asia–Europe containers via **Cape of Good Hope** routings, with: - Forecast March 2026 spot rates to Europe at **>USD 4,000 for a 40’ HQ** ex‑Ningbo/Shanghai. - Tightened space, GRIs and early booking requirements spreading to **Southeast Asia load ports including Thailand**, as lines re‑position vessels and equipment. ([reddit.com](https://www.reddit.com/r/supplychain/comments/1rrlspt/china_maritime_weekly_report_red_sea_shipping/?utm_source=openai)) **Thailand → US / EU / China container rate & capacity trends 2026** (Direct Thailand‑specific FEU numbers are sparse; below uses Asia/SEA benchmarks with qualitative adjustment.) - **Asia/SEA → US West Coast (incl. Thailand)** - Global analyses point to structurally lower mid‑2026 transpacific rates versus 2024 spikes, but still above pre‑COVID levels. Reported FAK ranges from major China origins to USWC in Q1–Q2 2026 are roughly **USD 1,700–2,500/FEU**, with Southeast Asia (incl. Thailand) often **USD 200–400/FEU higher** due to feeder legs and less direct capacity (inferred from forwarder commentary and S&P/SCFI patterns). ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - Reddit‑sourced TFX updates note **space tightening on China–US routes** despite weak underlying volume, with spillover from re‑routed Asia–Europe strings; similar tightening is reported on some Southeast Asia–US services with increased blank sailings and schedule changes. ([reddit.com](https://www.reddit.com/r/FreightRight/comments/1sm7dvh/space_tightens_on_chinaus_routes_despite_weak/?utm_source=openai)) - **Asia/SEA → US East Coast** - Due to Red Sea/Suez risks, more Asia–USEC volumes are sent via **Panama Canal or around Africa**, raising costs and transit times. Red Sea premium estimated at **+15–25%** vs. normal baseline and USD **800–1,500/40’**. ([suaidglobal.com](https://suaidglobal.com/insights/red-sea-shipping-crisis-2026/?utm_source=openai)) - For Thailand exporters using transshipment hubs (e.g., Singapore, Port Klang), the effective uplift is similar to broader Asia benchmarks; some carriers encourage routings via US West Coast + rail/truck if cargo can tolerate inland moves. - **Asia/SEA → Europe (incl. Thailand)** - Asia–Europe lanes are **most directly hit** by Red Sea diversions, with **25–40% premium** vs. baseline and spot quotes of **~USD 4,000 for a 40’ HQ** to North Europe in March 2026, per forwarder dispatches. ([suaidglobal.com](https://suaidglobal.com/insights/red-sea-shipping-crisis-2026/?utm_source=openai)) - SEA–Europe space is reported as tight; some rate bulletins from March–April 2026 highlight **limited direct slots ex‑Laem Chabang / Bangkok**, with cargo often routed via Singapore or Malaysia, adding several days of transit. - **Asia/SEA → China (regional trade)** - Intra‑Asia container rates remain much lower than deep‑sea trades. S&P and shipping‑market reviews show overcapacity and aggressive competition on regional lanes; typical SEA–China FEU rates in early 2026 are often in the **USD 200–600/FEU** band depending on port pair and surcharges (inferred from SCFI sub‑indices and shipping annual review). ([supplychainandlogistics.org](https://supplychainandlogistics.org/wp-content/uploads/2026/04/annual-review-2026.pdf?utm_source=openai)) **Air freight — SEA / Thailand → US / EU / China 2026** Global and Asia‑focused benchmarks provide directional guidance: - **Asia (China/HK/SEA) → US** - Cargomath’s 2026 cost guide cites **USD 4.50–7.50/kg** general‑cargo rates from major Chinese hubs to LAX/ORD/JFK for 100–500 kg lots; Thai origins typically track China within ±10–15%, sometimes slightly higher due to feeder legs and fewer direct freighters. ([cargomath.com](https://cargomath.com/tools/air-freight-cost-calculator/?utm_source=openai)) - April 2026 TFX freight updates report **air rates reaching USD 7–8+/kg** on China–US when shippers shift urgent volumes from ocean to air owing to schedule disruption; SEA–US (incl. Thailand) experiences similar **spikes on capacity‑constrained weeks**, especially for perishables and high‑value electronics. ([reddit.com](https://www.reddit.com/r/FreightRight/comments/1sm7dvh/space_tightens_on_chinaus_routes_despite_weak/?utm_source=openai)) - **Asia → Europe** - A 2026 Asia–EU air freight guide gives Asia (China/HK) to Germany benchmarks of roughly **USD 3.9–9.8/kg** depending on weight break and service, with typical spot levels **20–40% below the 2022–2023 peaks** but still above pre‑COVID norms. ([freightamigo.com](https://www.freightamigo.com/en/blog/logistics/air-freight-costs-in-2026-prices-rates-per-kg-and-key-insights/?utm_source=openai)) - Thailand–EU tends to be priced in a similar corridor, with **+5–10%** compared with main‑hub ex‑Shanghai/HK rates when uplift is via regional connections. - **Asia → China / intra‑Asia air** - Intra‑Asia air freight is generally cheaper per kg than intercontinental lanes; 2026 generic tables for China–SEA show **USD 2.5–5/kg** for 100–300 kg shipments, and Thailand–China is often close to the low–mid of this band, especially on passenger‑belly routes (inferred from 2026 global air freight rate tables). ([airfreightprice.com](https://airfreightprice.com/en/air-freight-rates/?utm_source=openai)) **Capacity and routing changes relevant to Thai shippers** - High new‑build containership deliveries in 2026 increase **nominal global capacity by ~8–9%**, but effective capacity on Asia–Europe is constrained by longer Cape routings and convoying/security measures in the Red Sea region. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - Carriers have responded with: - **Service re‑routing**: Many Asia–Europe strings that previously called Thailand and transited Suez now route via Cape of Good Hope or adjust rotation, increasing transit times by **7–14 days**. - **Blank sailings** and ad‑hoc port omissions impacting some SEA–US services, occasionally skipping Laem Chabang in favor of main hubs when loads are light. ([reddit.com](https://www.reddit.com/r/supplychain/comments/1rrlspt/china_maritime_weekly_report_red_sea_shipping/?utm_source=openai)) - Air freight capacity in Asia gradually normalized with post‑COVID recovery of passenger networks by 2025, but 2026 still sees **tight weeks** when large tech or e‑commerce launches absorb uplift; this is contributing to rate spikes on certain lanes but not persistent structural shortages. ([freightamigo.com](https://www.freightamigo.com/en/blog/logistics/air-freight-costs-in-2026-prices-rates-per-kg-and-key-insights/?utm_source=openai)) **Sources – Market Events** S&P Global 2026 ocean freight outlook; MetricRig container rate forecast 2026; Suaid Global Red Sea 2026 impact analysis; shipping‑market annual review 2026; SCFI commentary; Cargomath, FreightAmigo and other 2026 air‑rate guides; industry dispatches and Reddit‑sourced forwarder reports (China maritime weekly, TFX updates). ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) === 3. [DEMAND SIGNALS] Nearshoring / “China+1” to Thailand 2026 — automotive & electronics, export & logistics impact === **Macro signals: Thailand exports and industrial outlook 2026** - Thailand’s National Economic and Social Development Council (NESDC) Q1‑2026 report shows **goods exports (USD terms) up 17.8% YoY** in Q1 2026, a strong rebound vs prior quarters, supported by electronics, automotive and agro‑industrials. ([nesdc.go.th](https://www.nesdc.go.th/wordpress/wp-content/uploads/2026/05/03-PRESS-EN-Q1-2026.pdf?utm_source=openai)) - The Office of Industrial Economics annual outlook highlights that the **food and general manufacturing production indices** are projected to expand into 2026, with exports of manufactured goods supported by demand recovery in major partners and increased FDI in targeted industries (autos, electronics, bio‑circular‑green sectors). ([oie.go.th](https://www.oie.go.th/assets/portals/1/files/monthly_report/anualreport2025_outlookfor2026.pdf?utm_source=openai)) **Nearshoring / China+1 in automotive** (Recent sector‑specific FDI articles are behind paywalls, but Thai government and multilateral outlooks show clear patterns.) - Thailand is consolidating its role as **“Detroit of Asia”** for ICE vehicles and investing heavily in EVs and batteries. Multiple 2024–2025 investment approvals for Chinese EV and battery makers (BYD, Great Wall, etc.) were explicitly framed as **China+1 diversification**, allowing firms to serve ASEAN and export to markets facing higher tariffs on China‑origin vehicles. ([oie.go.th](https://www.oie.go.th/assets/portals/1/files/monthly_report/anualreport2025_outlookfor2026.pdf?utm_source=openai)) - NESDC’s 2026 outlook notes **robust export growth to the US and EU** in automotive and parts, linked to demand recovery and preferential access compared with China‑origin units facing new tariffs in the US/EU. (The document aggregates by SITC section but calls out autos and electronics as key contributors.) ([nesdc.go.th](https://www.nesdc.go.th/wordpress/wp-content/uploads/2026/05/03-PRESS-EN-Q1-2026.pdf?utm_source=openai)) Implications for trade & logistics: - Auto & parts exports are heavy, containerized and Ro‑Ro intensive; the combination of new EV/battery plants and stronger 2026 demand drives: - **Higher outbound TEU volumes** from Eastern Seaboard ports (Laem Chabang) to US, EU and intra‑ASEAN. - More demand for **hazmat‑capable logistics** (battery packs), specialized warehousing and higher‑frequency feeder services. - With ongoing tariffs on China‑origin autos in Western markets, Thailand‑origin vehicles and parts gain relative competitiveness, reinforcing its role as a **nearshore/alternative sourcing base**. **Nearshoring / China+1 in electronics** - NESDC and OIE highlight strong double‑digit export growth in **electronics and electrical appliances** in late 2025 and Q1‑2026, reflecting both cyclical semiconductor upturn and **production relocation from China to ASEAN**, including Thailand. ([nesdc.go.th](https://www.nesdc.go.th/wordpress/wp-content/uploads/2026/05/03-PRESS-EN-Q1-2026.pdf?utm_source=openai)) - Regional data (Singapore, Vietnam, Malaysia, Thailand) show very high electronics export growth rates in early 2026 (e.g., Taiwan, Singapore, Vietnam exports up mid‑double‑digits YoY), consistent with a **regional electronics super‑cycle** and supply‑chain diversification away from single‑country concentration in China. Thailand participates via HDDs, components, and consumer electronics assembly. ([nesdc.go.th](https://www.nesdc.go.th/wordpress/wp-content/uploads/2026/05/03-PRESS-EN-Q1-2026.pdf?utm_source=openai)) Implications for logistics: - Electronics are **time‑sensitive, high value‑density**; they drive disproportionate demand for: - **Air freight uplift** ex‑Bangkok and regional hubs, particularly during product launches or when ocean capacity/routing is disrupted. - **Fast intermodal links** from Eastern Seaboard industrial zones to ports and BKK airport. - The 2026 container and air‑freight analyses above indicate that despite lower structural container rates, **schedule volatility + Red Sea diversions** push some OEMs and Tier‑1 suppliers to shift **incremental volumes to air**, raising Thailand–US/EU air freight demand, especially in Q1–Q2 2026. ([freightamigo.com](https://www.freightamigo.com/en/blog/logistics/air-freight-costs-in-2026-prices-rates-per-kg-and-key-insights/?utm_source=openai)) **Net effect on export volumes & logistics demand (2026)** Synthesis of macro and sector data points: - **Export volumes**: - Overall Thai goods exports are on a **strong positive trajectory** in early 2026 (Q1 +17.8% YoY), with automotive and electronics identified as key engines. ([nesdc.go.th](https://www.nesdc.go.th/wordpress/wp-content/uploads/2026/05/03-PRESS-EN-Q1-2026.pdf?utm_source=openai)) - China+1 / nearshoring decisions taken 2022–2024 are **materializing in 2025–2026** via new plant ramp‑ups and higher export orders, especially to US, EU and intra‑ASEAN markets. - **Logistics demand**: - Container demand: higher export volumes in autos/parts and electronics increase **port throughput**, particularly from Eastern Seaboard estates feeding Laem Chabang; even with global overcapacity, local bottlenecks can arise in peak months. ([nesdc.go.th](https://www.nesdc.go.th/wordpress/wp-content/uploads/2026/05/03-PRESS-EN-Q1-2026.pdf?utm_source=openai)) - Air freight demand: electronics and certain urgent automotive components underpin **structurally higher air‑cargo baselines** from Thailand; disruptions in ocean networks (Red Sea, blank sailings) periodically push rates up and **tighten air capacity**. ([freightamigo.com](https://www.freightamigo.com/en/blog/logistics/air-freight-costs-in-2026-prices-rates-per-kg-and-key-insights/?utm_source=openai)) - Domestic logistics: more nearshored production drives **warehouse, cold‑chain (for parts of the supply) and trucking demand** around key industrial clusters (Eastern Economic Corridor, greater Bangkok), including value‑added services (VMI, JIT feeding, sequencing for auto plants). **Sources – Demand Signals** NESDC “Thai Economic Performance in Q1 2026 and Outlook 2026”; Thailand Office of Industrial Economics 2025 report with 2026 outlook; regional export statistics embedded in NESDC report; 2026 container and air freight market sources referenced above, used to infer logistics impacts of higher automotive and electronics exports. ([oie.go.th](https://www.oie.go.th/assets/portals/1/files/monthly_report/anualreport2025_outlookfor2026.pdf?utm_source=openai)) Sources: • Species Analysis Shrimp | Globefish | FAO Food and Agriculture Organization of the Nation https://www.fao.org/in-action/globefish/species-analysis/shrimps/en?utm_source=openai • Resilient demand propping up seafood prices as early 2026 supplies tighten, Rabobank reports | SeafoodSource https://www.seafoodsource.com/news/aquaculture/resilient-demand-propping-up-seafood-prices-as-early-2026-supplies-tighten-rabobank-reports?utm_source=openai • Thailand’s shrimp export value is projected to shrink by 3.6% in 2026, marking the fourth consecutive year of decline (Current Issue No.3628) - KASIKORN RESEARCH CENTER https://www.kasikornresearch.com/en/analysis/k-econ/business/Pages/Shirmp-Export-CIS3628-KR-2025-12-04.aspx?utm_source=openai • Thailand’s shrimp export value is projected to shrink by 3.6% in 2026, marking the fourth consecutive year of decline (Current Issue No.3628) - KASIKORN RESEARCH CENTER https://www.kasikornresearch.com/en/analysis/k-econ/business/Pages/Shirmp-Export-CIS3628-KR-2025-12-04.aspx?utm_source=openai • April 15, 2026 https://shrimpalliance.com/wp-content/uploads/2026/04/SSA-And-ASPA-USTR-2026-0067-00126406-CAT-14354-Public-Document.pdf?utm_source=openai • Species Analysis Shrimp | Globefish | FAO Food and Agriculture Organization of the Nation https://www.fao.org/in-action/globefish/species-analysis/shrimps/en?utm_source=openai • COMMODITIES 2026: Shrimp markets to see mixed trends as Ecuador exports rise, India navigates tariffs | S&P Global https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/120825-commodities-2026-shrimp-markets-to-see-mixed-trends-as-ecuador-exports-rise-india-navigates-tariffs?utm_source=openai • Thailand’s shrimp export value is projected to shrink by 3.6% in 2026, marking the fourth consecutive year of decline (Current Issue No.3628) - KASIKORN RESEARCH CENTER https://www.kasikornresearch.com/en/analysis/k-econ/business/Pages/Shirmp-Export-CIS3628-KR-2025-12-04.aspx?utm_source=openai • Resilient demand propping up seafood prices as early 2026 supplies tighten, Rabobank reports | SeafoodSource https://www.seafoodsource.com/news/aquaculture/resilient-demand-propping-up-seafood-prices-as-early-2026-supplies-tighten-rabobank-reports?utm_source=openai • Marine shrimp farming https://en.wikipedia.org/wiki/Marine_shrimp_farming?utm_source=openai • Thailand’s shrimp export value is projected to shrink by 3.6% in 2026, marking the fourth consecutive year of decline (Current Issue No.3628) - KASIKORN RESEARCH CENTER https://www.kasikornresearch.com/en/analysis/k-econ/business/Pages/Shirmp-Export-CIS3628-KR-2025-12-04.aspx?utm_source=openai