The import of prepared or preserved salmon to India is forecasted to steadily increase from 2024 to 2028, starting at $147.09 thousand in 2024 and reaching $171.45 thousand by 2028. This reflects a compound annual growth rate (CAGR) of approximately 3.87%. In 2023, the import value stood slightly lower than the forecast, marking an upward trajectory over the subsequent years. The year-on-year growth rate shows a consistent rise of around 4% each year, highlighting India's increasing appetite for imported salmon products.
Future trends to watch for include:
- Potential changes in import policies or tariffs that could affect pricing or supply.
- A shift in consumer dietary habits, favoring more seafood consumption.
- Competitive pressures from alternative seafood imports or domestic production could influence growth dynamics.
