The forecast for frozen cuttlefish and squid imports to India indicates steady growth from 2024 to 2028, with estimated imports increasing from 3.9791 million USD in 2024 to 4.3028 million USD in 2028. This upward trend suggests a compound annual growth rate (CAGR) of approximately 2% annually over the five-year period. In 2023, the actual import value was slightly lower than the forecasted 2024 figure, supporting a continuous growth trajectory.
Future trends to watch for in the Indian market include potential shifts in consumer preferences towards seafood, trade policy changes influencing import tariffs, and the strength of the Indian rupee affecting import costs and supply chain dynamics. Additionally, environmental factors affecting squid and cuttlefish populations could impact availability and pricing.
