The analysis of crustaceans export volume in India shows steady growth from 2014 to 2023, reaching 715.73 thousand metric tons in 2023. The export volume exhibited significant growth through 2017, followed by fluctuations, including a notable dip in 2020. Over the last two years (2022-2023), the year-on-year growth rate stood at 2.76%, while the Compound Annual Growth Rate (CAGR) over the last five years is 2.77%. For the five-year forecast, the CAGR is expected to be 2.08% leading to a forecasted volume of 814.01 thousand metric tons by 2028, reflecting a 10.84% overall growth.
Future trends to watch for include:
- Impact of international trade policies.
- Technological advancements in aquaculture.
- Environmental and climatic changes affecting marine life.
- Fluctuations in global demand and market prices.
- Regulatory changes within India and key export markets.
