In 2023, India's import of frozen fish meat and mince stood at 1.9824 million kilograms. From 2024 to 2028, the trend shows a consistent decline in import volumes with the projected values being 1.9041 in 2024, 1.8241 in 2025, 1.7457 in 2026, 1.6689 in 2027, and 1.5937 million kilograms in 2028. The year-on-year variations for the last two years demonstrate a decrease in imports: -4.07% in 2024 and -4.21% in 2025. The compound annual growth rate (CAGR) over the five-year forecast period is -4.08%, indicating a steady annual decline in import volumes.
Future trends to watch for:
- Changes in local fish production and consumption patterns.
- Impact of potential import regulations or tariffs.
- Shifts in global fish industry supply chains and prices.
- Consumer preference variability towards frozen fish products.
