As of 2023, India’s crustaceans import volume stood at approximately 3.85 thousand metric tons. The forecast from 2024 to 2028 shows a consistent growth trend, with volumes increasing from 4.01 to 4.7 thousand metric tons. This indicates a compound annual growth rate (CAGR) of approximately 4.04% over the five-year period. Year-on-year growth is expected to be steady, with percentage increases seen in the mid-single digits annually, highlighting positive momentum in import volume.

Future trends to watch for include:

Increasing demand for crustaceans due to changing consumer preferences towards seafood.
Potential impacts of India’s economic policies on import prices and volumes.
Evolving trade relationships and agreements with major crustacean-exporting countries.
Impact of sustainable fishing practices and environmental policies on global supply.