The forecast for the import of live animals, except farm animals, to India is expected to see consistent growth over the next five years. Beginning in 2024 with a value of $3.5469 million, there is a steady increase to $3.8144 million by 2028. As of the end of 2023, the import value stood marginally lower than $3.5469 million, representing a gradual upward trend projected in this period from 2024 onwards with an annual growth rate of approximately 1.87%.
Future trends to watch for include:
- Shifts in global wildlife trade regulations which may impact import dynamics.
- Changes in environmental conservation measures and their influence on species importation.
- Economic factors or bilateral trade agreements that might alter the import costs and volumes.
