The import of fresh or chilled live scallops to India is projected to increase steadily from 2024 to 2028. Starting at 15.77 thousand US dollars in 2024, a year-on-year growth led to the value reaching 18.31 thousand US dollars by 2028. Considering these forecasted values, the compound annual growth rate (CAGR) for this period is subtle, reflecting a stable and consistent increase in demand or pricing for these imports. In comparison, data from 2023 would have shown the groundwork for this steady upward trend.
Future trends to watch for include changes in India's seafood consumption patterns, potential alterations in trade policies, and the effects of sustainable harvesting practices on supply and pricing. Monitoring these factors will be key to understanding future demand shifts and supply chain stability for scallop imports.
