In 2023, the value for fresh Norway lobster production in capture fisheries in Italy stood at a baseline figure before a forecasted increase starting in 2024. The forecasted value for 2024 is 23.87 thousand euros per metric ton, and it is expected to rise consistently each year to reach 24.82 thousand euros per metric ton by 2028. The year-on-year variation shows a steady increase, reflecting a positive trend in pricing. The compound annual growth rate (CAGR) from 2024 to 2028 indicates consistent growth, suggesting strong market demand and potentially stable economic conditions affecting the lobstering sector.
Future trends to watch for:
- Impact of environmental policies and sustainable fishing practices on lobster production.
- Fluctuations in international seafood demand affecting prices.
- Economic factors, such as inflation or changes in consumer preference, impacting production and pricing.
