Forecast: Fresh Marine Fishes Production in Capture Fisheries in Italy

The production value of fresh marine fishes in Italy's capture fisheries has shown significant fluctuation from 2013 to 2023, standing at 5.74 Thousand Euros Per Metric Ton in 2023. Over the past decade, the industry experienced notable declines in certain years, such as a 10.52% drop in 2017, contrasted with periods of recovery like the 10.48% rise in 2018. The most recent years exhibited a mixed pattern, with a 5.5% increase in 2022 followed by a 5.84% decline in 2023. The Compound Annual Growth Rate (CAGR) over the last five years averaged at -0.42%, indicating a slight negative trend.

Future trends to watch for include:

  • Gradual decreases in value from 2024 to 2028 with a forecasted five-year CAGR of -0.49%.
  • Potential impacts of environmental changes, regulatory adjustments, and market demand shifts on production values.
  • Technological advancements and sustainable practices might counterbalance negative trends, possibly stabilizing or reversing declines.

Top Countries about Fishmeal