The projected import of fish, crustaceans, molluscs, and aquatic invertebrates to India is set to rise steadily from 2024 to 2028, beginning at $116.12 million in 2024 and reaching $132.58 million by 2028. The year-on-year growth shows a consistent increase of approximately 3.6% annually, marking a compound annual growth rate of around 3.6% over the five-year forecast period. In 2023, the import value was below $116.12 million, indicating a continuation of the upward trend observed in previous years.
Future trends to watch for include:
- Potential regulatory changes affecting import tariffs or seafood sourcing.
- Fluctuations in global seafood prices impacting import costs.
- Shifts in domestic consumption patterns and demand for seafood in India.
