The fisheries imports in India for 2023 stood at 243.00 million USD. The forecasted values for 2024 to 2028 show a steady increase from 250.63 million USD to 278.99 million USD. The year-on-year percentage changes from 2024 to 2028 range as follows: 2024 at 3.14%, 2025 at 2.85%, 2026 at 2.76%, 2027 at 2.67%, and 2028 at 2.60%. Over the last two years, these variations reflect a consistent growth pattern. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 averages at around 2.80% per year.
Future Trends to Watch For:
- The impact of advancements in aquaculture technology on domestic production.
- Potential changes in trade policies affecting import tariffs and regulations.
- Fluctuations in global fish supply and pricing, driven by environmental and geopolitical factors.
- Consumer demand variations based on shifts in dietary preferences and health trends.