The forecasted increase in fishery imports to India suggests a steady climb from $241.68 million in 2024 to $270.18 million in 2028. This growth reflects incremental year-on-year percentage increases: 3% from 2024 to 2025, 2.88% from 2025 to 2026, 2.77% from 2026 to 2027, and 2.67% from 2027 to 2028. This indicates a consistent upward trend characterized by a favorable compound annual growth rate over the five years.
Future trends to watch for include:
- Potential shifts in global trade policies impacting import costs.
- Changes in domestic fishery production that could alter import needs.
- Fluctuations in currency exchange rates affecting international trade balance.
- Technological advancements in refrigerated logistics that could impact import efficiency.