The demand for pelagic fish in Italy is projected to steadily increase from 2024 to 2028. The forecasted values show a gradual rise in volume from 604.6 thousand metric tons in 2024 to 632.24 thousand metric tons in 2028. Notably, this follows an actual 2023 demand, setting the current scenario for analyzing trends.
Analyzing year-on-year variations:
- From 2024 to 2025, the forecasted increase is 1.18%.
- From 2025 to 2026, a 1.14% rise is anticipated.
- From 2026 to 2027, the increment is projected to be 1.1%.
- From 2027 to 2028, the expected growth rate is 1.07%.
The last two years' growth averages out to 1.08% per year, while the compound annual growth rate (CAGR) over the period from 2024 to 2028 is approximately 1.12%.
Looking ahead, trends to watch for include sustainability initiatives affecting fishing regulations, shifts in consumer preferences towards healthier diets, and potential market disruptions due to climate change impacting fish populations. These factors could significantly influence future demand and supply dynamics in Italy's pelagic fish market.
