Key Market Indicators
Italy's fish production is projected to decline over the next five years, dipping from approximately 134,000 metric tons in 2023 to about 126,000 metric tons by 2028. This marks an average annual decrease of 1%. The downward trend isn't new; since 1965, Italy's fish supply has been contracting at an average rate of 1.6% per year. In contrast, Italian fish consumption is expected to rise. By 2028, consumption is forecasted to reach around 358,000 metric tons, up from nearly 343,000 metric tons in 2023. This represents an average annual growth rate of 0.7%. Since 2019, demand for fish in Italy has increased by 0.9% annually. As of 2023, Italy ranked 20th in global fish consumption, with Egypt slightly ahead at the same consumption level of 343,000 metric tons. Japan, the Philippines, and Thailand took the second, third, and fourth spots, respectively.
