The dried fish market in Italy experienced fluctuations in volume from 2012 to 2022. The market grew significantly between 2012 and 2014, reaching 21.413 million kilograms before entering a period of decline. The volume fell consistently from 2015 to 2021, touching a low of 16.916 million kilograms in 2021, with a slight increase in 2022.
Recent trends reveal a persistent downtrend in the market's Compound Annual Growth Rate (CAGR) over the last five years, indicating a negative growth trajectory despite a minor recovery in 2022. Key factors influencing this trend could be changing consumer preferences, fish stock depletion, or supply chain constraints.
Future trends to watch for include:
- Potential shifts in consumer demand towards sustainable or alternative sources of protein.
- Impact of environmental regulations on fishery practices and dried fish production.
- Technological advancements in fish drying processes that may improve efficiency and product quality.
How does Italy rank in Dried FIsh Market Size Volume?
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 83,884,000 | 2023 | -0.48% | +0.037% | View data |
| 2 | 2 Spain | 27,688,000 | 2023 | -3.14% | -3.51% | View data |
| 3 | 3 Italy | 16,915,000 | 2023 | -0.027% | -3.62% | |
| 4 | 4 France | 8,369,300 | 2023 | -3.21% | -1.18% | View data |
| 5 | 5 Finland | 409,300 | 2023 | -1.95% | -6.45% | View data |
