In 2023, imports of fresh or chilled Pacific, Atlantic, and Danube salmon fillets to India stood at a baseline from which significant growth is projected. From 2024 onwards, a noticeable increase in import value is anticipated. The forecasted values for 2024 to 2028 indicate an upward trajectory, with year-on-year growth rates consistently positive. Notably, the compound annual growth rate (CAGR) over this period underscores a robust annual growth trend.
Future trends to watch for include:
- Increasing consumer demand for imported seafood in India.
- Potential impacts of tariff changes and trade policies on import volumes and costs.
- Fluctuations in global salmon prices affecting import values.
- Shifts in consumer preferences towards sustainable and traceable seafood sources.
- Advancements in cold chain logistics enhancing import efficiency.