The import of fresh or chilled fish to India was USD 9 million in 2023. The forecasted data indicates a steady decline over the next five years. In 2024, imports are projected to be USD 8.144 million, dropping to USD 7.337 million in 2025, USD 6.546 million in 2026, USD 5.7709 million in 2027, and finally USD 5.0113 million in 2028.

Year-on-Year (YoY) % Change:

- 2023-2024: -9.5%

- 2024-2025: -9.9%

- 2025-2026: -10.8%

- 2026-2027: -11.8%

- 2027-2028: -13.2%

The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is -10.2%, indicating an average annual decline in imports.

Future Trends to Watch For:

- Changing consumer preferences towards local fish varieties.

- Potential policy shifts affecting import regulations.

- Fluctuations in international fish market prices impacting import affordability.

- Improvement in domestic fish farming affecting supply dynamics.