In 2023, India's demersal fish import volume stood at an approximate baseline, preceding forecasted growth. From 2024 to 2028, there is a projected steady increase in import volume, rising gradually from 1.52 to 1.84 thousand metric tons. Year-on-year growth is consistent, averaging around 5.26%. The 5-year CAGR highlights an average annual growth rate of approximately 4.87%.
Future trends to watch for include:
- Potential influence of sustainability and regulatory changes on import volumes.
- Technological advancements in local fish farming potentially reducing import dependency.
- Global market fluctuations affecting pricing and supply chain dynamics.