The forecast for fresh spiny lobster production in capture fisheries for human consumption in Italy shows a significant decline from 2024 to 2028. Starting at 2.9333 million Euros in 2024, the value is expected to decrease progressively each year, reaching 0.20911 million Euros by 2028. This denotes a substantial reduction in production value, where 2023 is considered to be 3.7 million Euros.
Year-on-year percentage drops are notably sharp, suggesting a critical downtrend in the market. The compound annual growth rate (CAGR) over the five-year forecast period reflects a negative trajectory, emphasizing the pronounced downturn in production value.
Future trends to watch for include:
- Environmental factors affecting lobster populations
- Fishing regulations and sustainability initiatives
- Economic changes influencing market demand and pricing
- Technological advancements in aquaculture potentially offsetting capture declines