In 2023, the import of prepared or preserved shrimps and prawns to India was significantly lower than the forecasted volumes for 2024-2028. Starting in 2024, imports are expected to increase steadily: 61.28, 64.19, 67.04, 69.84, and 72.58 thousand kilograms. This represents an average annual growth rate (CAGR) over these years. Year-on-year growth approaches 4% between 2024-2025 and moderately decreases over subsequent years, indicating a consistent upward trend.
Future trends to watch:
- Impact of trade policies or tariffs on import dynamics.
- Fluctuations in demand driven by dietary preferences or economic factors.
- Potential competition from domestic shrimp and prawn production.
