The forecast for Italy's cuttlefish production in capture fisheries shows a steady increase in value from 2024 to 2028. The annual growth rates are approximately 2.75% in 2025, 2.68% in 2026, 2.60% in 2027, and 2.46% in 2028. This consistent upward trend suggests a compound annual growth rate (CAGR) for the five-year period of approximately 2.62%, indicating notable market expansion. In 2023, the value stood slightly below 12.38 thousand euros per metric ton, as 2024 figures represent forecasts.
Future trends to watch for include:
- Potential impacts of climate change on marine ecosystems affecting supply.
- Changes in consumer preferences possibly driving demand dynamics.
- Regulatory changes in fishing quotas and international competition.
