The seafood market volume in Italy has witnessed fluctuations over the past decade. Beginning at 722.06 million kilograms in 2013, it experienced a general decline until 2020, where the volume dropped to 647.26 million kilograms. However, the market showed a slight recovery trend from 2021, reaching 659.09 million kilograms in 2023. The average annual growth rate in the last five years showed a negative trend, with variations reflecting the impact of several market factors.
In 2023, the seafood market stood at 659.09 million kilograms. The year-on-year variation over the past two years indicates a slight positive growth, with 0.46% in 2022 and 0.47% in 2023. The five-year CAGR from 2019 to 2023 was -1.71%, depicting a slow recovery phase post-2020.
Future trends to watch in the Italian seafood market include:
- Continued moderate growth, with a forecasted five-year CAGR of 0.35% through 2028.
- Technological advancements in aquaculture and sustainable fishing practices might drive further market growth.
- Changing consumer preferences towards healthier and sustainable seafood options could impact market dynamics.
