The forecasted import value of prepared or preserved salmon into India is set to rise steadily from 2024 to 2028. From 2024 to 2025, the expected growth is approximately 5%, continuing with a similar year-on-year percentage increase into 2026. Each subsequent year up until 2028, a consistent growth is anticipated, culminating in a compounded annual growth rate (CAGR) of roughly 4.6% over the five-year span.
In 2023, the import value stood at 104.2 thousand US dollars. The steady increase indicates a growing demand, likely driven by changing consumer preferences and increased availability.
Future trends to watch for include:
- Changing consumer dietary preferences towards seafood and healthier protein sources in India.
- Potential trade agreements or changes in tariffs that may affect import volumes and pricing.
- Developments in domestic aquaculture impacting the reliance on imported salmon.