The data projects a steady growth in imports of frozen scallops, including queen scallops, to India from 2024 to 2028. Import values rise from approximately 481.31 thousand USD in 2024 to 642.78 thousand USD in 2028, showcasing a compound annual growth rate (CAGR) that highlights consistent demand increase.
Year-on-year analysis reveals a positive growth trend: approximately 8.53% increase in 2025, 7.78% in 2026, 7.12% in 2027, and 6.59% in 2028, indicating a slightly decelerating growth rate. While actual values for 2023 are not provided, this forecast signals a robust upward trajectory.
Future trends to monitor include changing consumer preferences, potential tariff changes on seafood imports, and the impacts of currency fluctuations on import costs. Emerging health trends and demand for high-quality seafood could further bolster imports. Observing these factors will be crucial in anticipating market dynamics.
