In 2023, India's import of live ornamental fish stood at approximately 139.00 thousand kilograms. The forecasted data indicates a progressive increase in imports from 145.15 thousand kilograms in 2024 to 170.99 thousand kilograms in 2028. The year-on-year growth rates are 4.6% (2024/2025), 4.3% (2025/2026), 4.0% (2026/2027), and 3.8% (2027/2028). The compound annual growth rate (CAGR) over this five-year span is roughly 4.3%, highlighting a steady upward trend in imports.
Future trends to watch for include:
- Potential impact of environmental regulations on import markets.
- Rising interest in marine biodiversity conservation.
- Shifts in consumer preferences towards sustainable aquaculture practices.
- The influence of economic conditions on domestic demand.
