The import value of frozen cold-water shrimps and prawns to India is projected to show a consistent upward trajectory from 2024 to 2028. The forecasted values indicate a steady year-on-year increase with a compound annual growth rate (CAGR) reflecting a strong, sustained growth pattern. India’s import value stood significantly lower in 2023 compared to the forecasted 2024 value, demonstrating a robust demand trend.

Future trends to watch for include:

Potential changes in international trade policies affecting seafood imports.
Fluctuations in global shrimp and prawn supply impacting pricing.
Shifts in domestic consumption patterns driven by dietary trends and economic growth.
Advancements in cold-chain logistics enhancing supply efficiency.