In 2023, the import of frozen fish fillets to India stood at a certain volume, and the forecast for 2024 is 17.669 million kilograms. By analyzing the yearly data, we see a constant upward trend:
2024: 17.669 million kilograms
2025: 18.551 million kilograms
2026: 19.415 million kilograms
2027: 20.261 million kilograms
2028: 21.091 million kilograms
The year-on-year percentage variations for the forecasted period are as follows:
- 2024 to 2025: approximately 5.0%
- 2025 to 2026: approximately 4.7%
- 2026 to 2027: approximately 4.4%
- 2027 to 2028: approximately 4.1%
The CAGR (Compound Annual Growth Rate) for the 5-year period from 2024 to 2028 is about 4.56%.
Future trends to watch for include changes in global fish supply chains, regulatory shifts concerning seafood imports, and potential fluctuations in domestic demand influenced by consumer preferences and economic factors. Observing these elements will be crucial for understanding the trajectory of frozen fish fillet imports to India.
