The forecast for the import of frozen whole sardines, brisling, and sprats to India shows a decrease over the years. From 2024 to 2028, the volume is projected to decline steadily from 1.0113 million kilograms to 0.94331 million kilograms. The year-on-year variation indicates a consistent drop in imports, signifying a potential reshaping of trade patterns or domestic market changes. In 2023, the imports stood at a calculated baseline from which this declining trend emerges, although actual figures from 2023 are not provided here for precise comparison. The Compound Annual Growth Rate (CAGR) over these five years suggests a small average annual decrease, reinforcing the bearish trend.
Future trends to watch include fluctuations in domestic fish production, changes in consumer preferences towards local fish varieties, or enhancements in local aquaculture capabilities. Additionally, shifts in trade policies, tariffs, or global sardine supply could further impact imports.
