India's seafood exports to China have seen fluctuations in the past decade. From 2013 to 2023, exports peaked in 2018 at $18.802 million, followed by a significant dip in 2017. There was a steady recovery from 2020, achieving a value of $17.665 million in 2023. Over the past two years, the year-on-year growth was 1.82% in 2022 and 1.75% in 2023. The Compound Annual Growth Rate (CAGR) for the recent five years stands at -1.24%.
Future trends to watch for:
• Consistent recovery forecasted with a CAGR of 1.36% over the next five years.• Expected overall growth rate of 6.98% by 2028.• Potential impacts from regulatory changes, supply chain dynamics, and shifts in consumer preferences.
