In 2023, prepared or preserved shark fins imports to Italy were recorded at approximately 3.0 million USD. Forecasts from 2024 to 2028 indicate a progressive increase, with a 2028 value projected at 4.476 million USD. Over this period, the year-on-year variations demonstrate consistent growth, with notable percentage increases reflecting a growing trend. The compound annual growth rate (CAGR) indicates a steady upward movement, averaging over the five-year forecast period.
Future trends to watch for:
- Environmental and ethical considerations potentially impacting demand and regulatory changes.
- Shifts in consumer preferences towards sustainable seafood alternatives.
- Economic factors, such as currency exchange rates, affecting import costs and market behavior.