Key Market Indicators
India's seafood export industry is projected to reach $8.6 billion by 2028, climbing from $7.2 billion in 2023. This represents an average annual growth rate of 2.8%. Since 2000, India's seafood supply has grown by 2.5% annually. In 2023, India ranked second in global seafood exports, with China leading the pack at $7.2 billion. Canada and Denmark followed as the third and fourth largest exporters, respectively. On the import front, India's seafood imports are expected to hit $175 million by 2028, up from $153 million in 2023. This marks an annual compound growth rate (CAGR) of 2.1%. Since 2000, the country's seafood demand has surged by 9.2% annually. In 2023, India was the 20th largest seafood importer, with Ireland slightly ahead at $153 million. France, Sweden, and Germany occupied the second, third, and fourth spots in the import rankings, respectively.
