Forecast: Seafood Exports to the UK by India

India's seafood exports to the UK have shown a mixed trend over the years. Starting from 2013 with a value of 3.6149 Million USD, there were periods of growth and decline. The most notable year-on-year changes include a significant increase of 37.96% in 2015 but a sharp decline of -30.86% in 2018. The value stood at 3.787 Million USD in 2023, with a modest year-on-year growth of 1.67%. Over the last five years, the CAGR has been 5.12%, indicating consistent but moderate growth. Forecasts project an average annual growth rate of 1.31% over the next five years, with the value reaching 4.1003 Million USD by 2028.

Future trends to watch for:

  • Impact of Brexit on trade regulations and tariffs
  • Fluctuations in demand for seafood in the UK due to changing consumer preferences
  • Environmental regulations affecting seafood production in India
  • Economic conditions and exchange rates between India and the UK

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