In 2023, India's import of live fish was valued at 3.47 million USD. The forecast for 2024 is 3.67 million USD, signifying an increase of approximately 5.8% from 2023. Year-on-year growth is expected to continue with 5.9% in 2025, 5.5% in 2026, 5.1% in 2027, and 4.8% in 2028, resulting in a CAGR of approximately 5.4% between 2024 and 2028.
Future trends to watch for include:
- Increasing domestic demand for a diverse fish diet influencing import volumes.
- Potential policy changes impacting the import-export balance in the fisheries sector.
- Technological advancements in aquaculture potentially reducing reliance on imports.