The forecast for India's import of frozen whole sardines, brisling, and sprats indicates a declining trend from 2024 to 2028, starting at 525.38 thousand USD in 2024 and decreasing annually to 504.16 thousand USD in 2028. This decline represents a consistent year-on-year decrease of approximately 1% each year. With the cumulative decline over this period, this reflects a compounded annual growth rate (CAGR) of around -1.03%.
Future trends to watch for include:
- Changes in domestic production levels which may affect import demand.
- Fluctuations in global sardine prices and how they influence India's import policies.
- Shifts in consumer preferences towards or away from these fish species.
- Possible regulatory changes affecting trade, such as tariffs or quotas.