In 2023, the production value of fresh Longnose Spurdog for human consumption in Italy stood at approximately 2.85 thousand euros per metric ton. From 2024 onwards, forecasts suggest a steady increase in production value, rising from 2.9 thousand euros per metric ton in 2024 to 3.11 thousand euros per metric ton by 2028. This reflects a modest yet consistent year-on-year increase of approximately 1.72% on average. Over the entire forecast period from 2024 to 2028, a compound annual growth rate (CAGR) of around 1.81% is observed, indicating stable growth in the market value of this fish species.
Future trends to watch for include:
- The impact of regulatory changes in fisheries management on the supply chain.
- Consumer preference shifts towards sustainable and environmentally friendly seafood options.
- Potential price fluctuations due to changing market demand or environmental factors affecting fish populations.