Between 2013 and 2023, the value of fresh Great Mediterranean Scallop production in Italy has exhibited significant fluctuations. The sector experienced sharp declines in some years, notably in 2016 and 2023, with year-on-year decreases of 28.57% and 23.86%, respectively. However, there were also notable increases such as a 19.64% rise in 2015 and a dramatic 43.01% surge in 2021. The last two years saw a decline with a 6.08% drop in 2022 and a 23.86% fall in 2023. The compound annual growth rate (CAGR) over the past five years stands at 4.27%.
Looking forward, the forecast suggests a gradual decline in value, with a projected CAGR of -1.22% from 2024 to 2028, culminating in an approximate 5.93% decrease over this period. This indicates a potential downward trend in the market value.
Future trends to monitor include:
- Impact of environmental regulations on capture fisheries.
- Shift in consumer preferences towards sustainable seafood.
- Technological advancements in fishing practices.
- Market responses to inflation and economic shifts.
