In 2023, the price for fresh shrimp production in Italy was approximately 8.35 thousand Euros per metric ton. The forecast from 2024 to 2028 shows a consistent downward trend in prices, from 8.25 thousand Euros per metric ton in 2024 to 7.87 thousand Euros by 2028. Year-on-year, the decline is anticipated to range from approximately 1.09% to 1.26%. The compound annual growth rate (CAGR) over this five-year period reflects an average annual decrease of approximately 1.17%.
Future trends to watch for:
- Potential impact of environmental regulations and sustainability initiatives on capture fisheries.
- Evolving consumer preferences towards sustainable seafood could influence market dynamics.
- Technological advancements in fishing practices and preservation could affect production costs and efficiencies.