The import of meat, fish, and seafood food preparations to India stood at 5.8923 million US dollars in 2023. The year-on-year variation showed a positive trend of 3.31% from 2022. Over the last two years, the imports increased at an average rate of 3.40% annually, indicating stable demand despite fluctuations in previous years. The five-year CAGR from 2018 to 2023 was 2.54%, reflecting consistent growth. Looking ahead, the forecasted data implies a slower but steady annual growth rate with a five-year CAGR of 2.21%, resulting in an 11.57% total growth by 2028.
Future trends to watch for:
- Possible shifts in consumer preferences and dietary trends, which might affect import volumes.
- Impact of trade policies and tariffs on import costs and volumes.
- Global supply chain disruptions possibly altering the availability of these food preparations.
- Technological advancements in storage and transportation enhancing import efficiencies.