The imports of prepared or preserved crustaceans and molluscs to India have experienced substantial fluctuations from 2013 to 2023. The value stood at 1895.7 Thousand US Dollars in 2023. Over time, significant jumps in value were seen in 2015 (42.15%) and 2017 (195.65%), though it also saw declines, such as in 2016 (-17.12%) and 2020 (-12%). The recent two years have witnessed moderate year-on-year growth rates of 10.71% in 2022 and 4.82% in 2023. The five-year CAGR from 2023 is 3.65%. Forecasts suggest continued growth, reaching a value of 2345.9 Thousand US Dollars by 2028 with a projected five-year CAGR of 3.39%.
Future trends to watch for include potential impacts from global supply chain disruptions, changes in trade policies, consumer demand shifts towards sustainable and high-quality seafood, and technological advancements in food preservation and packaging. Monitoring these factors can provide further insights into the market dynamics for this segment.
