In 2023, India's import of fresh or chilled scallops other than live stood at a lower base compared to the forecasted growth trajectory leading up to 2028. The import volume is forecasted to increase steadily from 9.77 thousand kilograms in 2024 to 10.61 thousand kilograms in 2028.
Year-on-year analysis reveals a consistent growth, with 2024 to 2025 showing a 2.25% increase, 2025 to 2026 at 2.10%, 2026 to 2027 at 2.06%, and 2027 to 2028 rising by 1.92%. The compound annual growth rate (CAGR) over this forecast period averages at approximately 2.08% per year.
Future trends to watch for include fluctuations in seafood demand influenced by consumer health trends, economic factors impacting import costs, and potential policy changes affecting international trade. Monitoring these trends will be crucial for stakeholders aiming to capitalize on market opportunities within India's seafood import sector.
