Key Market Indicators
India is set to become a major player in the salmon import market in the coming years. In 2021, the country's imports reached nearly $3 million, and are expected to grow by almost 5% per year until 2026. This growth has been consistent since 2002, with a cumulative increase of over 34%. India ranked 38th globally in 2021, with Slovenia taking the lead with $2.98 million in imports. The United States, Poland, and France occupied the 2nd, 3rd, and 4th spots, respectively. Fish production in India is also expected to grow steadily, reaching 8.57 million metric tons by 2026 from 7.28 million metric tons in 2021. This represents an average growth rate of 2.5% per year since 1965. However, fish consumption in India has been declining since 2017, and is expected to dip to 441.9 thousand metric tons by 2026 from 583.1 thousand metric tons in 2021, at a compound annual growth rate of 4.9%. In 2021, India ranked 8th globally, with Russia leading the way at 583.1 thousand metric tons. Japan, the Philippines, and the United States were ranked 2nd, 3rd, and 4th, respectively.
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Seafood Industry: Prospects and Challenges in the Evolving Shark Meat Market
The shark meat market, a significant segment of the overall seafood industry, is characterized by both conventional and niche supply chains. Despite the lack of precise global data, recent research suggests that there is substantial demand in certain regional markets, particularly in Asia and parts of Europe where shark meat...
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Automotive Sector: Diving Deep into Trends Shaping the Tappet Market Landscape
The tappet market, a critical subset of the wider automotive sector, is going through a dynamic phase. Despite facing headwinds due to automotive industry slowdown and supply chain disruptions from COVID-19, it has showcased resilience. Demand for tappets, responsible for lifting the valve and integral to vehicle performance, remains consistent....
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Aquaculture Sector: Encapsulating the Tilapia Market's Sweeping Dynamics and Future Projections
The aquaculture industry has become increasingly pivotal within the global food supply chain, with tilapia being one of its major products. Favorable factors such as its cost effectiveness and high nutritional value have positioned tilapia as an attractive option for producers and consumers alike. Furthermore, advancements in technology and improved...
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Industrial Minerals Arena: Exploring Attapulgite Market's Trends, Growth and Forecasts
The trends of the attapulgite market, a specific segment of industrial minerals, are being spurred by a confluence of factors. Technological advancements have resulted in more efficient means of extracting and processing attapulgite, which is exceptionally absorbent and used in a variety of industries such as paints, medical and scientific...
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Industry Focus: Exploring Turboexpander Market's Dynamic Growth and Trends
The growth of the turboexpander market is primarily spurred by rising demand in energy-intensive sectors, notably petrochemicals and liquified natural gas (LNG). Industrial process efficiency improvements and energy recovery strategies have led to increased incorporation of turboexpanders. Mandatory environmental regulations are also scripting the demand trajectory, pushing industries towards the...
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