In 2023, the import of frozen fish to India stood at 13.850 million US dollars. For the year 2024, this is forecasted to increase to 14.401 million US dollars, showing a year-on-year variation of approx 4%. Following this, an increase to 14.996 million US dollars is expected for 2025, translating to a 4.1% growth. The trend continues with the value reaching 15.578 million US dollars in 2026 (3.9% growth), 16.149 million US dollars in 2027 (3.7% growth), and finally, 16.709 million US dollars in 2028 (3.5% growth). Therefore, over the five-year period from 2024 to 2028, the CAGR (Compound Annual Growth Rate) stands around 3.88%.
Future trends to watch include the influence of India’s economic growth on import capacities, potential regulatory changes impacting trade, and shifts in consumer demand toward sustainable and traceable seafood sources. Additionally, international market dynamics, such as global fish stock sustainability and the geopolitical climate, could significantly impact import volumes and values.
